• We have been closely tracking the European Union’s draft directive for the disclosure of non-financial and diversity information by certain large companies.  A major hurdle has just been cleared to adopt this directive,  it has cleared an important stage in the EU legislative process. On February 26th, 2014 the Council of the European Union’s Committee of Permanent Representatives endorsed an agreement on the draft directive.  The agreement still needs to be formalized by the European Parliament and the Council, this is expected to take place on April 15th, 2014 which is ... Read More »

  • OCEG’s global GRC Technology Strategy Survey, available now for download indicates that organizations have had mixed success with their current use of technology for governance, risk and compliance (GRC). Half of participants state that GRC technology in their environment is underutilized and they are planning changes to address that problem. “This is likely due to the siloed nature of technology usage,” said Michael Rasmussen, Chief GRC Pundit at GRC 20/20 and study author. “The majority of GRC solutions being used are stand-alone department ... Read More »

  • Due to their versatility and ubiquity, spreadsheets tend to become the default solutions for a variety of enterprise functions. However, the use of spreadsheets to support compliance and risk management process results in slow, manual processes, opportunities for inaccuracy and error, impediments to business performance, increased risk exposures, and difficulty in responding to auditors and regulators. While governance, risk and compliance (GRC) solutions offer the capabilities that eliminate the limitations of spreadsheet-based processes, the challenge for many organizations lies in determining whether GRC can provide a sufficient improvement to justify ... Read More »