Streamline governance, risk and compliance processes for accelerated growth and profitability
Recent corporate scandals have exposed significant challenges in corporate governance, risk management, and regulatory compliance. In response, legislators and regulators have imposed new requirements intended to prevent financial failures and, most likely, more are yet to come. But faced with economic downturn, reduced revenue streams, and less available credit, many companies are cutting GRC budgets at the very time when the need to improve transparency, enable risk intelligent decisions and ensure compliance is greater than ever.
The trend is clear – GRC executives must learn how to do more with less.
This paper, the first in a series devoted to the topic of LeanGRC™®, summarizes the key concepts of Lean Production principles and how they can be applied to governance, risk management and compliance (GRC) activities. Other installments of the series will discuss techniques you can use to implement these principles in your organization.
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