Executive Program: GRCS Remap and Reshape GRC Implementation

Executive Program

Introduction Risk is a consequence of every strategic decision, either in the form of positive risk or negative risk. Therefore, adequate capabilities are needed to manage risks, especially those with a high impact on the core business. The Open Compliance and Ethics Group (OCEG) pioneered the integrated GRC, which has been widely adopted and applied in corporate activities in Indonesia. A key goal is to maximize business continuity in an uncertain environment. Based on the GRC Maturity Survey, 506 respondents from Asia, Europe, North America, Latin America, the Middle East, Africa, and Oceania explained that 23% of respondents still carry out GRC in silos. The Financial Services Authority (OJK) as the regulator, considers that fundamental changes in the order of life and business models in the digital era require companies to continue to innovate in managing their business through the implementation of mechanisms for Good Corporate Governance, Risk Management, Compliance and ensuring sustainability aspects are part of the integrated. Key benefits to implementing an integrated GRC include: 1.

Reduce cross-complexity through a smooth approach to business functions, risk, compliance, and oversight with an emphasis on efficiency. Strengthening communication interconnections, not just consolidation. Reduce costs and increase efficiency.

2. 3.


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