"Significant value can be achieved from the start by getting all stakeholders to work together to take practical, measured steps toward integration. In deciding to the take the first step, consider not only the value of reducing risk while driving improved performance but also the value of demonstrating to the market place that your organization is run based on principled business decisions." *GRC Redbook 2.0, Open Compliance & Ethics Group (OCEG), 2009*
 | From where you are............... To where you want to be. |  |
Specific GRC Benefits
When an organization integrates its approach to GRC by rationalizing its GRC processes and increasing employee awareness of them, it creates opportunities for increased value through:
• reduced cost, as redundant activities are identified and streamlined or eliminated;
• reduced need and cost for reconciling information across the organization;
• reduced gaps and errors, as the integration creates a holistic system of checks and balances;
• increased quality of risk-based information on which strategic and tactical decisions are based;
• enhanced employee motivation as contribution to achieving objectives becomes clear:
• trust resulting from consistent organizational positions and actions, from oversight through operations;
• agility driven by a clear delineation of who handles what activities in what sequence;
• more effective management of stakeholder expectations; and
• assurance that expectations and objectives are met.
*GRC Redbook 2.0, Open Compliance & Ethics Group (OCEG), 2009*
Integrated GRC: A Pathway to Principled Performance
Principled Performance really does matter. GRC has emerged because traditional siloed governance, risk and compliance approaches are not sufficient for new business realities. GRC is widely discussed because it is relevant in all industries and sectors, all over the world, and because it affects all functions in a modern enterprise. Executive leadership must drive the move to GRC with direct CEO sponsorship and Board oversight. Ultimately, the aim for greater accountability is to increase value for shareowners and other stakeholders.
Principled Performance provides the means for organizations to forge stronger relationships between the Board, management and shareholders and stakeholders for a better-balanced governance system. And a well-designed GRC system offers a pathway to Principled Performance. *GRC Redbook 2.0, Open Compliance & Ethics Group (OCEG), 2009*
We encourage you to review the SCR website to learn what can rapidly bring value to your organization. Do not hesitate to Contact Us to discuss any of the concepts and issues presented.