Written by International Compliance Association on Monday October 25, 2021
Integrated risk management (IRM) is the disciplined, unified approach to governing all the risks an organisation faces. It allows executives to make wiser decisions and drive better business performance. If that sounds hard to achieve – that’s because it is. But the alternative leaves executives and boards reacting to events, rather than proactively addressing them before they impact the business.
IRM depends on strong corporate culture, thoughtful policies and procedures, and shrewd use of technology. ‘The journey toward integrated risk management’ by our partner Galvanize explores the business case for IRM and provides best practices to reap all the gains that IRM promises.
Download today for free and get a complementary copy of part 2 straight into your inbox.
In order to rise above the competition and increase market share, companies need to take an integrated approach to the challenges and opportunities they face.
Organisations are better equipped to weather storms and seize opportunities if they can break free of siloed departments and put an end to gatekeeping information, instead building collaborative enterprises where information flows freely and insights are accessible to the people who need them.
While there are many digitisation strategies that can help organisations achieve this goal, one of the most valuable opportunities to consider is integrated risk management (IRM).
Part 2 of Galvanize’s Integrated Risk Management e-book series looks at:
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