Lack of performance is not a risk

There is a fine line at the intersection between #performance management and #riskmanagement – sometimes even overlapping. Both disciplines aim to achieve objectives but suggest two different, synergetic approaches. For example, a key risk indicator (#KRI) is an example of a leading KPI – an early warning detector providing insight into future performance. By connecting KRIs to relevant strategic objectives and correlating them with your lagging #KPIs, you have taken the first step to improved performance driven by?GRC.

To a certain extent, what we in our daily rhetoric speak of as a risk is merely improvable business governance or management. Thus, the line and synergy between proper business management and risk are often confused.

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GPRC in Banking and Finance

GRC is an enabler of the organization's Performance as it tries to achieve (or exceed) its objectives. This is particularly true for today's banking and finance organizations.

We invite you to join the upcoming GRC Red Flag Series episode?with Michael Rasmussen?on "G(P)RC - How GRC Drives Performance in Banking & Finance" as we explore more the interconnectedness of risk and objectives in the financial services organization and how it drives the demand for a 360° contextual awareness of?GRC?in the context of?Performance.

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The Latest from GPRC (Governance, Performance, Risk, and Compliance)

Governance

• How regulations are moving ESG into the risk and compliance field-?Read more
• Corporate governance emerges as new buzzword among MENA companies -?Read more
• How organizations can overcome the information management challenges businesses face today -?Read more
• FTC seeks to clamp down on commercial surveillance -?Read more

Performance

• Risk managers increasingly involved in corporate strategy -?Read more
• The Board Imperative: Partner with CSOs to drive value-led sustainability -?Read more
• Does your culture fit your strategy? -?Read more
• Denmark’s long-term vision for digital development -?Read more

Risk

• Supply chain governance and cyber risk management -?Read more
• Mitigating risk of data leaks in investigations -?Read more
• How to align cyber risk management with business needs -?Read more
• Perspectives on model risk management of cybersecurity solutions in banking -?Read more

Compliance

• EU considers new ‘Anti-money Laundering Authority’ -?Read more
• Whistleblower accuses Twitter of cybersecurity negligence -?Read more
• Banks face a WhatsApp reckoning as regulators clamp down on messaging apps -?Read more
• [MAS Information Paper] Operational risk management - Management of third-party arrangements -?Read more

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Corporater offers a single platform and integrated solutions for Governance, Performance, Risk, and Compliance (GPRC).

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