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Structure for success with a lean organization that streamlines governance, risk and compliance processes
The movement towards a unified view of risk and compliance has forced many companies to face challenges in their organizational structure that were creating or hiding significant inefficiencies. Their organizational structures often led to redundant effort, lack of effective communication and collaboration, limited enterprise-wide risk visibility, and high costs. But, the principles embodied in LeanGRC® can help solve these challenges, and create significant cost savings across the enterprise.
The root cause of these inefficiencies typically is the existence of compliance “silos” throughout the organization (see Connecting Silos: Lean Information Management, the fourth installment in the LeanGRC® series). These exist wherever information relating to risk and compliance is not effectively shared, inconsistent processes exist, or duplicated effort takes place across organizational boundaries. The net effect is not only very high costs, but also less effective decision-making because key decisions are often made
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