The Competitive Advantage of Principled Performance An imperative for integrating governance, management and assurance of performance, risk, and compliance
Presenter's Notes: 1
Big Picture
Big Picture reliable achievement of objectiveswhile addressing uncertaintyand acting with integrity (c) OCEG. All rights reserved. Principled Performance
Change These are essential outcomes in todays uncertain environment (c) OCEG. All rights reserved.
Presenter's Notes: 5
PERFORMANCE, RISK AND COMPLIANCE MANAGEMENT MUST...
PERFORMANCE, RISK AND COMPLIANCE MANAGEMENT MUST BE LEAN, RESPONSIVE, AGILE, AND ALIGNED WITH ESTABLISHED OBJECTIVESthis demands an integrated capability
OCEG President Carole Switzer discusses how Principled Performance creates a competitive advantage, and the way that an integrated GRC capability drives this outcome.
OCEG is a nonprofit organization that uniquely helps organizations drive Principled Performance® by enhancing corporate culture and integrating governance, risk management, and compliance processes.
The Competitive Advantage of Principled Performance
OCEG President Carole Switzer discusses how Principled Performance creates a competitive advantage, and the way that an integrated GRC capability drives this outcome.
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The Competitive Advantage of Principled...
The Competitive Advantage of Principled Performance An imperative for integrating governance, management and assurance of performance, risk, and compliance
Presenter's Notes: 1
Big Picture
Big Picture reliable achievement of objectiveswhile addressing uncertaintyand acting with integrity (c) OCEG. All rights reserved. Principled Performance
Presenter's Notes: 2
Current state
Current state © OCEG. All rights reserved.
Presenter's Notes: 3
Problem
Problem (c) OCEG. All rights reserved.
Presenter's Notes: 4
Change
Change These are essential outcomes in todays uncertain environment (c) OCEG. All rights reserved.
Presenter's Notes: 5
PERFORMANCE, RISK AND COMPLIANCE MANAGEMENT MUST...
PERFORMANCE, RISK AND COMPLIANCE MANAGEMENT MUST BE LEAN, RESPONSIVE, AGILE, AND ALIGNED WITH ESTABLISHED OBJECTIVESthis demands an integrated capability
Presenter's Notes: 6
What does this MACRO capability look like?
What does this MACRO capability look like? © OCEG. All rights reserved.
Presenter's Notes: 7
High Level View
Management Assurance Governance High Level View © OCEG. All rights reserved. Risk Compliance Performance Principled Performance
Presenter's Notes: 8
Transformational Opportunity
Transformational Opportunity Current State Managed in silosReactiveProject or program approachSeparate from mainstream processes and decision-makingNecessary evilFragmented use of technology Future State Enterprise approachProactiveSystemic approachEmbedded within mainstream processes and decision-makingValue-addedArchitected solutions © OCEG. All rights reserved.
Presenter's Notes: 9
Positioned for Competitive Advantage
Management Assurance Governance Positioned for Competitive Advantage Risk Compliance Performance © OCEG. All rights reserved. Principled Performance Benefits Aligned Lean Responsive Agile
Presenter's Notes: 10
Benefits
Benefits ALIGNEDSupport and inform business objectivesContinuously align objectives and operations of the integrated governance, risk and compliance capability (the GRC capability) to the objectives and operations of the entityGive strategic consideration to information from the GRC capability, enabling appropriate change © OCEG. All rights reserved.
Presenter's Notes: 11
Benefits
Benefits LEANBuild the muscle, trim the fatGet rid of expense from unnecessary duplication, redundancy and misallocation of resources within the GRC capabilityLean the organization overall with enhanced capability and related decisions about application of resources © OCEG. All rights reserved.
Presenter's Notes: 12
Benefits
Benefits RESPONSIVEYou cant react to something you dont senseGain greater awareness and understanding of information that drives decisions and actionsImprove transparency, but also quickly cut through the morass of data to what you need to know to make the right decisions © OCEG. All rights reserved.
Presenter's Notes: 13
Benefits
Benefits AGILEBe more than fast, be nimbleBeing fast isnt helpful if you are headed in the wrong direction. Principled Performance enables decisions and actions that are quick, coordinated and well thought out.Agility allows an entity to use risk to its advantage, grasp strategic opportunities and be confident in its ability to stay on course. © OCEG. All rights reserved.
Presenter's Notes: 14
PRINCIPLED PERFORMANCE IS A CLEAR ADVANTAGE IN...
PRINCIPLED PERFORMANCE IS A CLEAR ADVANTAGE IN THE CURRENT CLIMATEand an integrated capability is key to this success
Presenter's Notes: 15
Red Book Makes it Easier
Management Assurance Governance Red Book Makes it Easier Risk Compliance Performance © OCEG. All rights reserved. Principled Performance OCEG Red BookGRC Capability Model Open Source Standardsavailable atwww.oceg.org
Presenter's Notes: 16