GRC survey reveals needs

Government, Risk and Compliance vendors have slowly been making headway in making their case to big companies. The Open Compliance and Ethics Group (OCEG) has released its 2007 Governance, Risk and Compliance Strategy Study and the results are interesting. Half of the survey respondents said they have had recent compliance failures that have "caused damage or loss." In many cases, this put managers in a reactive mode that led to short term change that could not be sustained. Sound familiar? Perhaps one benefit of GRC platform is that it allows for long-term changes. Most executives buy into the idea of GRC, but that doesn't mean it will get deployed. It may have to wait until the pain of the disparate as-we-go approach exceeds the cost of deployment.  

For more:
- here's a summary from the OCEG

Related articles:
- It pays to think about compliance broadly
- GRC software seems to be rising