A dynamic is evolving: A surge in complexity and uncertainty surrounding organizations as they search for innovative ways to expand into new markets, faceoff against increasing competition and pushing the envelope on technology.
Yet these challenges are building faster than most organizations’ abilities to manage with agility, knowledge and a resilient risk-aware culture. Thus, the gap is widening and we are at a turning point – warranting an even stronger capability to master and optimize risk. Stakeholder expectations on an organization’s risk management sophistication continue to grow, yet capabilities are not keeping pace.
This Executive Summary, based on a global survey, conducted in December 2012 by the EIU, sponsored by KPMG International, explores how effectively companies are integrating a holistic governance, risk and compliance (GRC) framework throughout their enterprise.
For a more in-depth view of the survey findings, the full report will be made available in February 2013, providing a more detailed look at the principal findings.