An increasing number of companies are integrating governance, risk management, and compliance (GRC) principles into their overarching business strategies. But many organizations lack real practical experience when it comes to implementing a GRC framework, resulting in the potential for some major snafus. Unfortunately, many organizations underestimate the complexity of GRC frameworks. Let’s explore a… Continue reading GRC Decisions That Are Guaranteed to Backfire
IBM OpenPages GRC Services | GRC Consulting – iTechGRC
Category: ERM Strategy and Consulting
How GRC Solutions Make Your Business More Profitable
Recent years have seen an increased focus on GRC — governance, risk management, and compliance — outside of the enterprise arena. Small businesses and midsize companies are also beginning to integrate GRC frameworks as part of their overall business plan. The reason: when implemented properly, GRC principles hold the potential to increase profits and reduce… Continue reading How GRC Solutions Make Your Business More Profitable
Why Cybersecurity Relies on GRC Best Practices?
Keeping our digital information safe has become a big challenge today. According to a report on cybersecurity, cybercrime could cost us a mind-boggling $9.5 trillion by 2024, soaring even higher to over $10.5 trillion in 2025. Source: ITGovernance The exact number of daily cyberattacks is hard to determine, as not all incidents are reported. It is… Continue reading Why Cybersecurity Relies on GRC Best Practices?
When to Start Looking for GRC Companies?
Increasingly, companies of all sizes and in all industries are actively addressing issues of governance, risk management, and compliance (GRC). With a company’s reputation in the balance and potentially-hefty fines and penalties at stake, it should come as no surprise that business leaders are paying greater attention to these important issues. GRC can impact virtually… Continue reading When to Start Looking for GRC Companies?
What is GRC Software? – Benefits and How it Works
Governance, risk, and compliance (GRC) management is an increasingly common concern amongst companies of all sizes, particularly at the enterprise level where monitoring and compliance-related actions tend to be the most aggressive. Publicly-traded companies, in particular, experience a tremendous burden when it comes to meeting the various compliance and risk standards for their industry or… Continue reading What is GRC Software? – Benefits and How it Works
ESG vs Sustainability
Recent years have seen a dramatic increase in corporate eco-consciousness — a trend that has been mirrored at virtually every level of society as well. The data supports this idea too. According to an October 2021 study, 69% of respondents said they were actively doing everything within their control to minimize their carbon footprint.… Continue reading ESG vs Sustainability
How to Manage ESG Compliance?
Managing ESG (Environmental, Social, and Governance) compliance has become a priority for companies worldwide. With approximately 90% of investors now considering ESG factors in their decision-making processes, the pressure to meet these standards is more significant than ever. If you need more clarification on what ESG entails, our earlier discussion on Understanding ESG explains what… Continue reading How to Manage ESG Compliance?
The Time to Create an ESG Policy is Now
Issues surrounding the climate and global warming are highly politicized in many regions, with everyone from Hollywood starlets to Presidential candidates taking up firm positions on the topic. But no matter where your personal beliefs surrounding these controversial issues happen to fall, one thing is clear: issues related to the environment and sustainability are an… Continue reading The Time to Create an ESG Policy is Now
Understanding ESG Governance
In today’s eco-conscious world, sustainability matters. It matters to all stakeholders from employees to clients along with investors and everyone else in between. In fact, recent years have seen a distinct movement toward sustainable investments. This, in turn, prompted the U.S. Securities and Exchange Commission (SEC) to develop the Environmental, Social, and Governance (ESG) criteria… Continue reading Understanding ESG Governance
Why the SEC’s New ESG Task Force Makes Managing ESG RIsks Even More Important
The U.S. Securities and Exchange Commission (SEC) and the Environmental, Social, and Governance (ESG) Division of Enforcement announced that they would be creating a 22-person task force composed of members from the federal organization’s regional offices, headquarters and “specialized units.” The task force’s objective is to monitor climate- and ESG-related issues and companies’ compliance with… Continue reading Why the SEC’s New ESG Task Force Makes Managing ESG RIsks Even More Important