About this paper
As explored in this paper, when companies use new analytical tools to understand their enterprise governance, risk and compliance (EGRC) data, this data becomes an integral part of their firm’s business information, providing valuable, forward-looking insights needed to achieve better governance. But business and GRC teams must operate in unison, rather than as silos, to gain business insights from internal and external operational risk data. Closer collaboration builds organizational awareness that helps employees make better business decisions and act appropriately; for example, they can better understand the cascading nature and potential impacts of events such as a growing risk exposure or concentration, a compliance policy violation, lapses in management oversight and more.
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