Governance, Risk & Compliance professionals and seasoned company officers know that not all forms of risk faced by organisations are equal. Economic risks, while significant, can only be reacted to in the absence of broad power to influence macroeconomic conditions. Credit and liquidity risks can be managed with prudential control measures, while environmental and cybersecurity risks, despite trending upwards, rise and fall depending on industry sector and activities.
One area of risk that grows at an exponential rate for every organisation in every sector is compliance risk.
This whitepaper outlines how the new ISO 37301 standard is reshaping the future of compliance and how it can assist businesses to mitigate compliance risk.