Summary
Firms that can exploit the speed of innovation are able to explore new business opportunities, but these new opportunities also create new risks. Your governance, risk, and compliance (GRC) program must keep pace with your organization’s speed of innovation.
Nobody wants to admit that their GRC program has fallen short, but it does happen (and more often than most want to admit). When implementations become overly ambitious, projects have unrealistic requirements, programs outgrow their platforms, or even the most seasoned risk pro selects the wrong vendor, it’s time to change tactics.
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