Governments and regulators were forced to intervene by enacting a number of laws to improve corporate governance and tighten risk management. In order to avoid business failure and non-compliance, companies have expanded their GRC departments, resulting in a web of uncoordinated structures, policies, committees, and reports. Consequently, GRC does not serve its core objective anymore, which is to improve business performance and efficiency and achieve compliance.
To explore the extent to which organizations are integrating GRC, KPMG International commissioned the Economist Intelligence Unit to conduct a global survey of more than 500 major companies. The results—augmented by comments and a number of case studies—provide valuable insights for organizations looking to get the most from their GRC investment.