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Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC

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Following the Great Recession, regulators began requiring enhanced disclosure about risk and corporate governance. For example, SVB had a Moody’s A1 issuer rating and KPMG signed off on SVB’s bank’s audit just 14 days before it declared bankruptcy. A SOC2 audit only covers a limited subset of the product part of a company.

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Why Buying SaaS GRC Software Is a Smart Investment

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Cloud-based solutions also make sense for GRC – especially in the context of the COVID-19 pandemic. Organizations need to achieve their business goals reliably (governance), while addressing uncertainty (risk management), and acting with integrity (compliance). That’s time and money that might be better spent elsewhere.

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What Is ESG? [Complete Guide]

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Governance criteria deals with a company’s leadership, executive pay, audits, internal controls, board governance, financial performance, business ethics, intellectual property protection and shareholder rights. When the pandemic began, they pivoted and began contributing to PPE for healthcare workers and communities in need.