(Length: 4 pages)

Executive Summary (This is a document excerpt)

Today's organizations are moving from the "considering" stage to the "definition" stage of an enterprise risk and compliance program. What are the key drivers of these programs? They include multiple risks and regulations, distributed operations and relationships, interdependency of risk, increased accountability, and awareness of both fragmentation and duplication of efforts. In 2006, firms will establish risk and compliance architectures, develop risk intelligence, and implement GRC platforms, as well as centralized communication and training on corporate policies and procedures. Next year will also see continued evolution of the enterprise role that is responsible for GRC.