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Deloitte Book Outlines Strategies to Improve Governance, Risk and Compliance Management


June 12, 2008 (SmartPros) Deloitte has published a new book that advises bold steps for top executives who seek greater confidence in the effectiveness and efficiency of their governance, risk and compliance processes.



"Growing Confidence: The Smart Way to Manage Governance, Risk and Compliance" is available as a PDF download at www.deloitte.com/straighttalk.

"We know directors, CEOs, CFOs and leaders everywhere are struggling with ever-increasing challenges as they juggle strategy execution and performance management with myriad risks and complex regulatory requirements in the global marketplace. The hard truth is that many executives don't know what they need and want to know -- and that's a huge problem," said Lee Dittmar, a Deloitte Consulting LLP principal and the global leader of Governance, Risk and Compliance (GRC) consulting.

Growing Confidence is a call to action and an action plan. The book notes that the economics of globalization brings forth a barrage of risks that organizations may be hard-pressed to anticipate and prepare for. With companies working in multiple time zones across the globe, it is no wonder that business leaders constantly live in fear of something going wrong. Even as companies have begun to understand the need for an integrated approach toward governance, risk and compliance, they struggle to understand how they can get access to reliable information needed to make more confident decisions and manage risks more effectively.

Dittmar added, "Individual and isolated areas of risk exist in abundance, and the resulting complexity is more costly and more risky than necessary or desired. The need for and value of implementing an integrated approach to managing the GRC environment is greater than ever. The business case for, and how to do it, are exactly what Growing Confidence is all about."

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