An integrated GRC framework is a structured approach to managing governance, risk, and compliance activities collectively as part of a unified strategy. The alternative is a disconnected process where departmental silos work independently, often duplicating efforts. Why does this matter? Fragmented systems often miss the big picture. An integrated GRC approach, where teams are collaborating through shared data and workflows, makes it easier for leaders ...
Whistleblowing hotline providers don’t just protect people - they protect businesses as well. When employees engage in unethical behavior like harassment, fraud, corruption, or falsifying documents, the consequences for businesses can be severe, resulting in costly fines, reputational damage, and potentially criminal charges. Whistleblowing hotlines empower employees who witness misconduct to report incidents anonymously, without fear of being reprimanded. Choosing the wrong whistleblowing hotline solution ...
To learn more about what makes GRC solutions effective, we worked with OCEG (Open Compliance Ethics Group) to conduct the 2025 GRC Maturity Survey. This survey provided a global snapshot of where organizations stand today and the differentiating factors that equate to GRC maturity. Drawing on input from over 850 professionals (including 368 senior executives), the findings are clear: a formal strategy around the right ...
APRA CPS 230 is a regulatory standard introduced by the Australian Prudential Regulation Authority. Its goal is to improve operational resilience in the financial sector. It applies to a wide range of institutions—banks, insurers, super funds, and others that provide essential financial services in Australia. At the heart of CPS 230? A key focus on protecting critical services. These are the functions that, if disrupted, ...
Organizational silos aren’t just a byproduct of growth. They are a clear sign that something is not working. And while they can show up anywhere, certain environments are especially prone to them. Eight in ten companies say there's a stark mismatch between their department initiatives and their larger business initiatives.¹ The result? Nearly $9 trillion in estimated economic losses each year. When communication is stifled ...
Hidden risks can vaporize anticipated Merger & Acquisition (M&A) returns and derail deal synergies. Acquiring a company means acquiring that company’s risk. Yet, too many deals stumble because compliance expertise arrives late, or not at all. Below, we highlight five common missteps related to compliance that can disrupt M&A transactions. Compliance Joins After the Ink Dries Clients tell us, “We weren’t informed of a pending M&A ...
When it comes to hospital regulatory compliance, no two days are ever the same. Constant change related to evolving regulations, new threats, and shifting policies is the norm, not the exception. This means hospital compliance teams must foster a culture that embraces continuous improvement and responsiveness to change. Below we offer several strategies that can support a continuous improvement mentality for the long-term, leading to ...
The integrated risk management process connects and funnels every risk area—think cybersecurity, third‑party, compliance, data privacy, and more—into one unified strategy. Instead of having each team manage threats in isolation, you assign clear accountability for each domain and agree on a common set of definitions. Visibility, check. Accountability, check. A more holistic vantage point, check. In the not-so-distant past, companies handled risks within isolated teams, ...
Can you walk the healthcare compliance walk? Regulators no longer accept activity reports as proof of success. They want hard evidence that your compliance program changes behavior and operates independently. What's next? Here are three actionable steps to improve your healthcare compliance program, as suggested by our annual survey, in partnership with Strategic Management Services, on the current state of healthcare compliance programs. Since Outcomes ...
One third-party misstep can damage a brand in a matter of minutes. For example, a data breach can grant hackers access to customer data, a vendor's offensive social media post can trigger public backlash, or a logistics partner’s delay can ruin a product launch. Quantifying reputational risk is now essential. Organizations all around the world face increased pressure. Pressure to assess, monitor, and mitigate reputational ...
