Governance, Risk and Compliance
and Enterprise Risk Management
A well-designed, integrated GRC framework does not replace the need for robust enterprise risk management.
Viewing governance, risk and compliance (GRC) practices holistically can help streamline your compliance and risk management processes. Done right, an integrated GRC program incorporates a technology infrastructure, which also focuses attention on governance issues such as improved transparency and accountability.
An effective enterprise risk management (ERM) program, on the other hand, identifies and quantifies all risks – not just compliance-related risks – and establishes formal, end-to-end risk management processes. Because ERM covers a wider spectrum of risks, a robust ERM program allows you not only to mitigate or avoid losses but also to facilitate critical decision-making by evaluating uncertain events that could positively affect your business. ERM will also help you identify emerging risks more quickly and improve the capabilities of the risk management system to handle them.
Our team assists you in adopting an enterprise-wide approach to analyzing and prioritizing risks and aligning them with your strategic goals.
GRC and ERM services include:
GRC and ERM Insights
Global Corruption Law Compliance Report: Insights from the middle market
As middle-market organizations expand globally, exposure to corruption and bribery risks is on the rise. Learn how peers are managing these risks, and best practices to help ensure your business remains compliant amid increased FCPA and U.K. Bribery Act enforcement.
Enterprise risk management: The board's role in corporate governance
NACD's Steve Kalan and McGladrey's John Brackett discuss the differences between risk oversight and risk management, and how directors help identify and monitor risks throughout the organization.
Corporate culture: Creating guardrails against unacceptable behavior
Corporate culture sets the tone for organizational behavior and employee activity, often differentiating highly successful organizations from those struggling with morale, efficiency and other challenges.
Enterprise risk management: A pragmatic, four-phase implementation plan
The financial crisis and subsequent elevation of risk scrutiny by regulatory and governmental bodies dictates that enterprise risk management is no longer an option, but a necessity for companies.
Entrepreneurial leadership as a model for
Today’s leading boards are embracing entrepreneurial leadership, continuous improvement.