In their Extended Enterprise Risk Management Global Survey 2018 Deloitte found that “40% of organizations have prioritized the need to establish better coordination between risk domain owners, business unit leaders, functional heads, legal, and internal audit teams as their top organizational imperative related to extended enterprise risk management.”
There are many solutions and platforms available to bring the governance, risk and compliance programmes together across the enterprise, such as MetricStream’s M7 platform:
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The work in each of these areas needs to be brought together, but:
- Who leads this work, e.g. the CFO, the risk manager
- Where does the corporate treasury department fit? What is their role?
CTMfile take: As we move into the most stressful period business has ever known - due to climate change - corporate treasury departments will have to be very clear as to their role in Governance, Risk, and Compliance. It is not going to be easy………..
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