FEATURE: United We Stand – Integrating GRC systems

SocGen: Image - Radu Stoita

BY PAUL QUIGLEY

Governance Risk and Compliance (GRC) management has evolved since the knee-jerk reaction days of 2001, post-Enron and the passing of the US Sarbanes-Oxley legislation. In this second article in the series, Paul Quigley looks at what’s out there and considers the challenges facing integrated GRC systems.

Just as the former NatWest Three bankers get sent down for a three-year stretch, SocGen’s rogue trader in custody, many of the recent financial scandals in corporate governance have, amongst other factors, concerned systemic failures.