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Governance: Corporate, Cyber, Data, and Technology
(G) overnance, (R) isk, and (C) ompliance
(G) overnance, (R) isk, and (C) ompliance
Governance
Governance
A complex interconnected system of leadership and management practices, processes, functions, and structures to achieve objectives.
Risk
Risk
An integrated system to identify, assess, evaluate, and prioritize financial, legal, strategic, and security risks or what could go wrong.
Compliance
Compliance
An integrated system to identify, evaluate, and prioritize regulatory requirements, internal policies, and industry standards.
Corporate Governance
Corporate Governance
The US passed the Foreign Corrupt Practices Act (FCPA) in 1977,
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) was established in 1985,
COSO published the "Internal Control-Integrated Framework" in 1992,
OECD published the "Principles of Corporate Governance" in 1999, and subsequent releases,
The US passed the Sarbanes-Oxley Act of 2002,
COSO published an update to the "Internal Controls - Integrated Framework" in 2013,
The above only represents the US advances in Corporate Governance.
A fascination with how the moving parts come together
Over the years, I have been fascinated by how some organizations understood governance more than others. It was not about their bylaws, charters, or policies. It was in their DNA—something so engrained in how the organization operated.
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