Quantivate Blog

Governance, Risk & Compliance (GRC) Education and News

Build Resilience to Risk & Disruption: Considerations for COOs
operational resilience
Modern organizations operate in a dynamic environment, and chief operating officers have a difficult job keeping this change and complexity in sync with the broader business strategy as well as operational processes. This presents COOs with the challenge of maintaining effective risk management processes, systems, and functions that are proactive instead of reactive. Organizations need an integrated view of risk across operational areas to build resilience to business disruptions. Understanding how risk interconnects across…
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The Costs of Non-Compliance
The stakes are rising for organizations as regulators continue to crack down on misconduct and non-compliance, emphasizing the importance of proper compliance management practices.  According to Thomson Reuters, since 2009 the United States and Europe have imposed a combined total of $342 billion worth in fines on banks for misconduct, including violations of anti-money laundering (AML) rules.    Fines imposed by the Department of Justice and the Securities and Exchange Commission can cost companies millions,…
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GRC Best Practices for CEOs
GRC best practices
Through times of great change, organizations require exceptional leadership to remain resilient and competitive. In business operations, executives need to develop forward-thinking governance, risk, and compliance (GRC) management strategies to overcome immediate and future obstacles. Setting a path for cross-functional best practices in your organization can resemble the skills of a good gardener. A horticulturalist first establishes a baseline—reviewing the environment, understanding the landscape, defining objectives, and determining what conditions are necessary for vegetation…
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Prioritizing Third-Party Risk Management
third-party risk management
Third-party risk has been a serious issue for organizations in terms of cybersecurity. Even normal business activities like interacting with suppliers or utilizing online services may leave your organization vulnerable to cybercrime resulting from third-party security failures. Lack of visibility into vendor cybersecurity has the potential to put your organization’s operations and data at risk. Additionally, executives and stakeholders alike share concerns about providing proof of due diligence in protecting their organization and its…
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ESG Compliance: Opportunities for CCOs
ESG compliance
Compliance professionals are tasked with managing and mitigating risk along many vectors in an organization’s operations. As businesses and their customers increase their attention to social issues such as inclusion, diversity, and sustainability, CCOs face both significant challenges and unique opportunities. Compliance officers occupy a position that allows them to impact their organization’s efforts to promote environmental, social, and governance (ESG) responsibility. There is a growing sense among leaders that ESG initiatives are not…
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