Doing more with less seems to be a way of life and business in these economic times. Respondents to a governance, risk management and compliance (GRC) survey agree. GRC managers from a broad range of market segments including financial services, insurance, health care, life sciences and manufacturing, say that growth in mandates has let to a resource shortfall they characterized as either “critical,” “serious” or “significant.”
AXENTIS polled 188 GRC managers to gain insight into the growing awareness of the importance of business risk as a driver of corporate compliance management activity. The survey results revealed that GRC managers do consider risk a useful metric for prioritizing resource allocation, but risk is not always measured accurately or consistently.
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