The SAP (News - Alert) sponsored OCEG global 2012 GRC Maturity Survey, has revealed that companies focusing on integrating governance, risk and compliance capabilities can effectively optimize critical business processes and benefit from improved decision making.
In a statement, OCEG President Carole Switzer, said, “One of the most striking findings in the survey is that fully 90 percent of those who have taken steps to integrate their governance, management and assurance of performance, risk and compliance have met their expectations for that change process; seventeen percent say their expectations were exceeded, which is a huge number for such a complex process and I think much higher than has been seen in other broad business change efforts. As was reported in the OCEG webinar on preliminary findings of the survey, those who are integrating GRC have substantially stronger ability to identify and understand their risks, select and monitor the right controls, and have the confidence necessary to advise strategic decision-makers. These are results everyone is seeking.”
The survey saw participation by more than 500 global companies covering a broad spectrum of industries and included businesses of all sizes while more than 60 percent polled in the survey were C-suite executives or board members.
Kevin McCollom, Group Vice President, Head of Governance, Risk & Compliance Solutions for the survey sponsor, SAP, said, “When we compare those who say they are integrating processes for governance, risk and compliance to those who aren’t, the value becomes really clear.”
The All Respondents Report of the survey can be downloaded for free here. A recording of the preliminary findings webinar as well as associated slides have been made available on the OCEG website here.
In the coming few weeks, both OCEG and SAP will collaborate with an academic team at the University of Texas, Dallas over conducting a deeper analysis of the data and to release additional reports.
Edited by Rich Steeves