Organisations adopting governance, risk and compliance (GRC) processes are aiming to establish regulatory or internal frameworks in order to satisfy the governance requirements and evaluate risk. With the increased amount of higher business complexity and key focus on accountability, companies are adopting a variety of GRC initiatives.
Terry Booysen, CEO of CGF Research Institute, says: "It is important for directors, managers and prescribed officers to be kept abreast of their fiduciary duties and responsibilities, not only because this is a legal requirement attached to their positions, but also because many business decisions could have different and better outcomes if these were based on solid governance frameworks."
Booysen will present at ITWeb's fourth annual Governance, Risk and Compliance conference, taking place in February. He will explore the risk of governance failure in SA during 2014, among other related matters. Booysen will give his insight into understanding what good governance is in a business environment, and provide a pragmatic approach to sound governance practices. He will also present a full-day workshop.
"It is imperative all company officers understand the dynamics between the board, executive management and the day-to-day operations, and how these are all interconnected from a risk and liability perspective," says Booysen. In this respect, he will help delegates understand how to build a corporate governance framework. He will also explain the integral connections governance frameworks provide to companies in order to mitigate risk and drive profitability across the organisation.
A study of GRC practitioners, conducted by the Ponemon Institute, which looks at independent research on privacy, data protection and information security policy, acknowledges a major barrier to tackling risk and privacy challenges is a lack of enterprise collaboration. At the 2015 Governance, Risk and Compliance conference, these issues will be addressed by experts in the GRC field, such as Michael Rasmussen, chief GRC pundit, noted as the "father of GRC". Joining him is Michel Sauzier, enterprise risk management specialist at Nedbank, who will present a case study on getting organisational buy-in for risk management guides and tools - the challenges and limitations around enterprise risk management.
Discover the tools and practical information needed to achieve better results and develop a GRC culture within your company by attending the ITWeb Governance, Risk and Compliance event next year.
Click here to find out more and register your interest in attending.
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