The challenge for organizations from top to bottom is to provide harmony between silos of governance, risk, and compliance. Maintaining harmony is vital: Different roles — such as legal, risk mitigation, audit and compliance — have different and unique purposes, but must remain in tune with each other. The goal of high-performance GRC is to drive accountability, efficiency, effectiveness and agility across its processes to support a dynamic and extended business environment.
Collaborative Accountability brings the individual areas of governance, risk, and compliance into harmony. It enables different areas of the business to be accountable where they excel without dominating others, while promoting collaboration and information-sharing to achieve a holistic view of GRC across the business. Consider the following roles and how they can collaborate to provide a comprehensive view of governance, risk, and compliance: