1.6. Conclusion

Earlier in this decade, several high-profile corporate fraud cases led to increased regulatory mandates. Systemic failures that led to recent economic turmoil are triggering new regulations and new operational and risk management indicators that are intended to strengthen a corporation's financial underpinnings. As the complexity of managing risk and compliance increases, organizations need to evolve their approaches to these areas. What worked in the past is unlikely to work in this new and more complex environment. To succeed, organizations must break down silos to achieve a unified approach to governance, risk, and compliance.

In the following chapters, we'll explore governance throughout various aspects of the organization: ...

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