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Who we do it for |
On the surface the issues surrounding Governance, Risk and Compliance (GRC) may seem to only affect the very large multi-national businesses. But in truth they affect all businesses - though the scale of the problem is clearly more extensive with larger and multi-national organisations.
Typical areas of concern for small businesses
- Overwhelmend by the number and variety of compliance rules/regulations
- Don't fully understand the significance of the impact of non-compliance
- Belief that professional help with this will be too expensive for the business to afford
Typical areas of concern for large national businesses
- Compliance management is seen as the responsibility of the legal team only
- Implications of non-compliance is not well understood at all levels of the business
- Uncertainty over which international regulations apply to a national business
- Confusion over the 'cascaded' compliance obligations of suppliers and partners
- Maybe considering expansion into new geographies but unsure how the additional compliance obligations will operationally impact the business
Typical areas of concern for large multi-national businesses
- Understand the legal/technical risks of compliance but can't translate them into their full operational impacts
- Unable to isolate the operational changes needed to mitigate compliance risks at all levels
- IT systems and processes are thought to be preventing operational changes from being made
- Key information and audit trails are dispersed, stored in different formats (including paper records) and could be managed by mobile workers
- Poor segregation of compliance-related responsibilities is compromising risk management
- Need practical solutions ... not more management reports
If any of these concerns ring true for your organisation, then give us a call. We can talk you through the issues and help you decide what level of impact Governance, Risk and Compliance management has for you - and most importantly what your first steps to controlling it could be.