With the economic crisis that began in 2008, a long-standing trend toward
increased regulation is becoming a flood. The clamor for improved enterprise
risk management and the complexity of multinational compliance present
executives with a dramatically new array of challenges.
Governance should offer solutions, but it is clear that yesterday's governance
practices aren't up to the task. In both design and implementation, they are too
disconnected and incomplete to fully address our complex compliance and risk
management puzzle. Executives get only fragmented views of their true business
performance, and inefficiencies drive up costs.
The consequences of inadequate governance were demonstrated in the economic
meltdown of 2008. As the world