Effective GRC Management: Strategies for Mitigating Risks and Sustaining Growth in the Tough Economy

And if it does not comply, the organization risks incurring fines and penalties from regulatory bodies, which could not only negatively impact bottom-line profitability, but also corporate image - leading to further loss in company valuation / market capital. But the subject of risk becomes more ambiguous to the eyes of many executives. How does one quantify an event that may or may not occur? And how do executives justify budgeting and spending on Governance, Risk, and Compliance (GRC) management when the Return on Investment (ROI) story is not clear? Aberdeen's March 2012 GRC survey showed that executives are viewing effective compliance and risk management as opportunities for corporate growth, keeping in mind that: Customers and partners will always choose to do business with a company possessing lower liabilities; Being aggressive in building a business is about taking risks, so by having an effective risk management structure in place, a company can essentially be bolder in addressing new market opportunities; and Compliance is crucial in establishing new grounds for business, such as global or regional expansion - which requires the companies to meet a strict set of guidelines in order for the company to conduct business. Request Free!