Most companies acknowledge the high cost and risks of fragmented governance, risk and compliance (GRC) efforts, yet few have taken action, according to the recently released 2007 Open Compliance and Ethics Group (OCEG) GRC Strategy Survey.

The study, conducted by the OCEG and sponsored by Deloitte & Touche USA LLP, SAP and Cisco, explores the strategy and structure of GRC programs at more than 250 organizations. It offers insights into the views and experiences of executives who are accountable for or provide oversight to one or more areas of GRC. 

The research reveals that the benefits of integrated GRC are widely recognized. The vast majority of respondents believe that integrated GRC can result in widespread benefits in multiple business areas. In addition, companies that say they have integrated GRC programs report more mature capabilities in managing GRC and understanding the associated costs. And of the companies that have implemented integrated GRC, 84 percent report that the benefits have met or exceeded their expectations, and nearly all identify their efforts as a fundamental source or enabler of value generation.

To download this study from oceg.org, a free registration is required. 

Related Content:
Resources: Governance, Risk & Compliance