Strategic Risk. Financial Risk. Cyber security threats. A changing regulatory environment. Evolving governance landscapes. In today’s unpredictable and highly competitive business environment, it’s important to take a holistic view of governance, risk and compliance (GRC) — while focusing not only on the risks that can threaten value, but also the risks that an enterprise can take to create value. To do this, leaders should consider embedding a thoughtful awareness of risk and compliance into the very fabric of the organization. People, processes and technology should all work together to help the enterprise stay in control of the risks it chooses to take.
At Deloitte, we help companies create a Risk Intelligent Enterprise™, powered by effective GRC programs. One where the board sets the tone and direction; where management integrates risk and compliance considerations into strategic decision-making; where business units and functions incorporate risk-aware thinking into every action they undertake. That’s what we call Risk Intelligence, and it’s a powerful way to gain control of the spectrum of risks that an enterprise may face. Learn more about this practice.
Risk can be a maddeningly tough business management concept to pin down. Theoretically, everybody gets it. But practically? That’s a different story. That’s why we created the interactive Risk Intelligence prism and accompanying video – to help guide your thinking.
As used in this document, “Deloitte” means Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
* GRC: Governance, Risk & Compliance; ERM: Enterprise Risk Management; ICRM: Integrated Compliance and Risk Management