Are you a little confused about GRC? It seems like lots of people are talking about it, but what is GRC really and how does it help your organization? You may be asking yourself some of these questions: We already have governance, risk management, and compliance functions in our organization, so what’s new about GRC? …
Tag Archives: Principled Performance
How to Develop a GRC Road Map for your Organization
One of the most common questions I get from people trying to design and implement an integrated GRC capability, is “where do I start” or “how do I develop my GRC road map.” As Dr. Seuss famously said, “Sometimes the questions are complicated and the answers are simple.” This is true when it comes to …
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Avoid the Wells Fargo Mistakes
Culture and incentive issues appear to have caused the troubles at Wells Fargo. Details are still unfolding, but what we know is approximately 5,300 employees were fired and Wells Fargo must pay $185 million in fines to the US government for employees opening new accounts illegally, without customer knowledge. How could this have gone on …
The Importance of Integrity in Principled Performance
Here is a quick video I recorded about the importance of integrity in Principled Performance. [video_player type=”embed” width=”560″ height=”315″ align=”center” margin_top=”0″ margin_bottom=”20″][/video_player] Integrity Movie on 7-19-16 at 4.06 PM Image: Shutterstock
Implementing GRC the Easy Way
You have probably seen the cartoon with two cavemen pulling a wagon with square wheels. A third caveman walks up to them with a round wheel and one of the cavemen pulling the wagon, turns to the third and says “No thanks, we’re too busy.” How often are we so busy with the task at …
The Forces Awaken in the Auto Industry
One of the fundamental concepts in risk management is understanding how forces lead to events that change the business conditions. This is a fundamental step to understanding and identifying anticipated events, and changes in condition, that represent opportunities, threats or requirements to an organization. I have watched the auto industry closely for the last year and …
