Remove Audit Remove Corporate Governance Remove Pandemic
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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

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Following the Great Recession, regulators began requiring enhanced disclosure about risk and corporate governance. For example, SVB had a Moody’s A1 issuer rating and KPMG signed off on SVB’s bank’s audit just 14 days before it declared bankruptcy. A SOC2 audit only covers a limited subset of the product part of a company.

Banking 98
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What Are Barriers in Risk Management?

Reciprocity

New Technologies The pandemic drove the adoption of new technologies, and many companies had to recognize that they could no longer manage their ERM programs with spreadsheets and primitive solutions. As a result, systems and process deficiencies emerged in some areas, such as cybersecurity and third-party governance.

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What Are Barriers in Risk Management?

Reciprocity

New Technologies The pandemic drove the adoption of new technologies, and many companies had to recognize that they could no longer manage their ERM programs with spreadsheets and primitive solutions. As a result, systems and process deficiencies emerged in some areas, such as cybersecurity and third-party governance.

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What Is ESG? [Complete Guide]

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Governance criteria deals with a company’s leadership, executive pay, audits, internal controls, board governance, financial performance, business ethics, intellectual property protection and shareholder rights. When the pandemic began, they pivoted and began contributing to PPE for healthcare workers and communities in need.

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Why Buying SaaS GRC Software Is a Smart Investment

Reciprocity

Cloud-based solutions also make sense for GRC – especially in the context of the COVID-19 pandemic. Organizations need to achieve their business goals reliably (governance), while addressing uncertainty (risk management), and acting with integrity (compliance). That’s time and money that might be better spent elsewhere.