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ebizQ's Business Agility Watch

Elizabeth Book

Governance, Risk and Compliance Survey Results

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Axentis and the Open Compliance and Ethics Group (OCEG), a nonprofit consortium of "some of the most respected companies, nonprofits, business leaders and academics in the world," today announced the results of a survey of over 200 GRC (Governance, Risk and Compliance) practitioners.

According to a release, the survey pinpoints key technology considerations for a successful and sustainable GRC initiative.

Key findings from the recent OCEG survey include:

*More than 50 percent of participants have not implemented a GRC roadmap.

*58 percent of the respondents who have a roadmap in place stated that their compliance needs were being met, while 85 percent of those who did not have a roadmap felt their compliance needs were not being satisfied.

*70 percent of those who had an IT resource assigned specifically to GRC answered that their needs were being addressed, while 71 percent of those who did not have an assigned IT resource felt their needs were not adequately being satisfied.

*A distinct correlation exists between program success and the percentage of applications utilized for GRC management efforts. Practitioners with 50 percent or more of their applications being GRC-specific achieved a 100 percent positive response to meeting compliance needs.

"GRC processes impact all large corporations regardless of their industry or geographic location. Effective management of these mandates, whether Sarbanes-Oxley or COBIT, will greatly determine the ongoing success of each organization," said Ted Frank, president of Axentis and co-chair of the OCEG Technology Council. "The results of this survey strongly indicate that companies with comprehensive plans of attack and competent, dedicated personnel are better positioned to manage these dangerous waters and achieve superior overall performance."

"This survey is part of OCEG's unceasing effort help organizations fully understand the steps that must be taken to effectively manage GRC applications and achieve a sustainable compliance program," added Frank. "In the future we will introduce additional surveys, the results from which will be dedicated to answering other key questions and providing guidance to all issues GRC-related."

The results are available on the Axentis Web site >here.

ebizQ’s expert blog team covers a broad range of BPM, business integration, business analytics/monitoring, collaboration, content and related issues.

Peter Schooff

Peter Schooff is Contributing Editor at ebizQ, and manager of the ebizQ Forum. Contact him at pschooff@techtarget.com

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