10.13. A Streamlined Approach Is Mandated
The current economic climate that surfaced in 2008 creates additional pressure to reevaluate cost structure and look for ways to streamline processes and costs. Governance plays a key role in this streamlining by providing mechanisms to anticipate changes to business drivers and give management the tools to develop contingency plans as market pressure intensifies.
We can only expect the rate and pace of change to increase in complexity. Therefore, it's imperative that governance within the organization as a whole, and especially within the finance organization, be structured so that management can detect and analyze these changes and efficiently develop a response that minimizes the impact to the business. ...
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