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Overview:
Governance, risk, and compliance are major issues that have caught organizations by surprise. As organizations have tactically responded to regulations like Sarbanes-Oxley, they have needed to approach compliance and risk management more strategically. A tactical response to risk and compliance management is prone to failure, not effective at meeting requirements, and costs more to an organization than a strategically aligned and centralized enterprise risk management program. Faced with a multitude of pressures to establish business and financial integrity, meet regulatory compliance requirements and protect stakeholder value, organizations are moving to formalize an Enterprise Risk Management strategy aimed at operational risk.
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