The Knowledge Exchange / Risk Management / Governance, Risk & Compliance

Governance, Risk & Compliance

Clark Abrahams, Chief Financial Architect, SAS

GRC, business strategy, and the Board

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Wednesday, January 18th, 2012

Although CEOs and management teams are responsible for crafting strategic direction, Clark Abrahams says that board of directors need to be involved in strategic planning from the beginning. He offers a playbook idea to give boards a level set of knowledge on everything from competitor and industry analysis to risks and financials. That foundation will help them ask the right questions from the start.

All Governance, Risk & Compliance Stories

How can corporations reinforce, or restore, public trust?

By Clark Abrahams, Chief Financial Architect, SAS | Published: January 11, 2012
Clark Abrahams, Chief Financial Architect, SAS

What can corporations and financial institutions do to reinforce or restore the public’s trust? Clark Abrahams says that the answer is easy: improved governance, transparency, a return to fundamentals, and effective stakeholder communication. But this solution starts at the top.

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Top 10 GRC issues

By Waynette Tubbs, Editor | Published: December 19, 2011
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Organizations must move toward a focus of governance, risk and compliance to remain competitive and avoid the surprises that can cause them to cease operations or face acquisition. Read the 10 most pressing GRC issues facing corporations today.

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Getting compliance right

By Clark Abrahams, Chief Financial Architect, SAS | Published: November 26, 2011
Clark Abrahams, Chief Financial Architect, SAS

With close scrutiny from the regulators and government agencies, senior managers and boards are increasingly relying on its compliance teams. Read what role an organization’s compliance team plays in making strategic decisions.

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Five steps to build a GRC culture

By Clark Abrahams, Chief Financial Architect, SAS | Published: November 14, 2011
Five steps to build a GRC culture

Corporate culture is the foundation for any business. It dictates how employees will treat customers and one another, and it molds the kind of image and brand reputation that management desires. A corporate GRC culture goes even farther to improve internal controls and minimize surprises. Read Clark Abrahams’ five steps to building your GRC culture.

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The intersection of business strategy & enterprise GRC

By Clark Abrahams, Chief Financial Architect, SAS | Published: November 3, 2011
Clark Abrahams, Chief Financial Architect, SAS

Organizations that are effective at governance, risk and compliance have found an intersection between business strategy and enterprise GRC. Read Clark Abrahams’ discussion of how Greg Monahan’s SOAR methodology and others like it can help other organizations find that intersection.

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Filter a signal from the noise

By Gary Cokins, Global PMM, SAS | Published: August 25, 2011
Gary Cokins

Though strategic scorecards and dashboards can help approach an organization’s mountains of data, they still involve guesswork and intuition – risk. Analytics can help an organization sort through its data and filter out the “noise” when it comes to tracking metrics and KPIs, making it possible to act on fact.

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‘Self’ audit, GRC and efficiency

By Steve Taylor, CEO, BPS Resolver Inc | Published: July 28, 2011
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In today’s regulated environment, the business is often asked for information – sometimes the same information – on an almost continuous basis. Learn how collaboration can significantly lighten the burden of audit on your organization.

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Seven predictions for risk management

By James Lam, author of Enterprise Risk Management: From Incentives to Controls | Published: April 7, 2011
James Lam

The development and implementation of an ERM program is a multiyear effort requiring significant commitment from the board and senior management. While the practice of ERM has evolved and matured significantly over the past seven years, critical challenges still need to be addressed. Read James Lam’s latest article, published in The RMA Journal, which puts forth seven preditions for the future of risk management.

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Enterprise governance: Risk and performance management through the business cycle

By Wim A. Van der Stede, CIMA Professor | Published: March 3, 2011
Van Der Stede

Economic downturns will always be part of the business cycle. Read this advice from Wim A. Van der Stede, CIMA Professor from the London School of Economics and Political Science, on how organizations can adopt reliable risk management “through the business cycle” to deliver sustainable performance.

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Compliance: Lines of Responsibility are Blurring within Corporations

By Clark Abrahams, Chief Financial Architect, SAS | Published: February 3, 2011
Clark Abrahams, Chief Financial Architect, SAS

In an enterprise setting, policies and procedures often transcend departmental boundaries, and the actions taken by one group can drastically impact their downstream associates. Read Clark Abrahams’ advice for integrating to solve complex GRC issues.

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  • Attending the ACFE Fraud Conference and Exhibition?

    Plan to attend Increasing Investigator Efficiencies

    When: Wed., June 30, 8:30-9:50a.m.
    Where: Orlando, FL
    Featuring: David Stewart and Dan Barta from SAS’ Fraud and Financial Crimes Practice.

    Organized fraud is a growing problem, in large part because it is so hard to detect. In this session, we will show customer examples of how Entity Link analysis improves investigator efficiency by reducing the time spent investigating false-positive alerts and prioritizing events before presenting to investigators. Investigators can now work many times the number of cases and focus on higher-value networks.

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