The global economic crisis proved that many businesses did not take a strategic and coordinated approach to risk management. Coming out of the crisis, organizations are pressured to be more proactive and rigorous in how they manage risks and to provide assurance to internal and external stakeholders about their risk management effectiveness. Companies that can clearly articulate and quantify the risks they face and their likely impact on performance will ultimately make better business decisions. A comprehensive Governance, Risk, and Compliance (GRC) approach, enabled by technology, can drive new compliance and performance capabilities-and new organizational resilience.
Governance, Risk, and Compliance (GRC) services help clients develop a wide-ranging vision and approach for their organizations' multiple governance, risk, and compliance processes. The key focus is to help improve the sustainability, effectiveness, efficiency, and transparency for GRC processes; align the processes with the organization's strategic goals and objectives; and drive both competitive advantage and shareholder value.
KPMG can help with…
In addition, KPMG's Holistic Model for GRC provides an integrated approach for developing and establishing a successful and sustainable GRC framework within the organization.
A company's effective approach to GRC can help: