If there’s anything the past few years have taught us, it’s that risks don’t exist in isolation. As socioeconomic, political, and ecological systems grow more intertwined, risks can have a cascading effect. Whether they take the form of climate change or capital market volatilities, risks anywhere can affect businesses everywhere. They intersect and overlap in complex ways, each risk amplifying the other’s impact.
To effectively manage and ultimately thrive on risk, organizations need to rethink traditional governance, risk, and compliance (GRC) programs.
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