When we get behind the wheel of a car, we adhere to a certain set of rules. We stop when we see a stop sign, we give the neighboring lane the right of way when we see a yield sign, we stay on our designated side of the road…but what happens when someone ignores one of those rules? Sometimes, nothing; other times, fatal catastrophe.
Roads are an excellent microcosm of governance: the processes used to make and implement decisions. Governance, as it relates to your organization, refers to the framework of practices – both implicit and explicit – that drive all of your business decisions. Poor organizational governance can almost always be tied directly to failures in risk management.
At LogicManager, we believe that utilizing GRC platforms are key to implementing and sustaining good governance, and our mission is to provide the tools and services that make this possible.
View our Governance Solutions here