(A report from the Economist Intelligence Unit)
More than ever, boards and senior management want to understand overall risk exposures, and be provided with clear, consistent information in a timely manner. With corporate governance legislation increasingly stressing the importance of personal liability and accountability for executives and non-executives, companies cannot afford to be in the dark about their risk position
Visibility into decision making can help preserve a company’s reputation and financial well-being, while a more efficient approach to managing risk and compliance can reduce duplication of effort and streamline business processes. And senior executives who carry responsibility for corporate activities can sleep better knowing they have risk and compliance tightly managed, monitored, and under control.
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