The Open Compliance and Ethics Group (OCEG) argues that GRC adds value by helping us to understand the real-life problems that can restrict a company’s achievement of optimised value. It discusses risk management and compliance within the context of governance, and by ‘GRC’ it means all the processes within a firm that have to function together effectively to ensure maximised sustainable, agile, long-term, compliant, and responsible performance.

Consider the above statement. Identify and critically evaluate how the board and senior management team could effectively manage the regulatory compliance challenges faced by a regulated firm in a sector and jurisdiction of your choice.

Answer rating: 100% (QA)

Solution Managing regulatory compliance challenges effectively requires a proactive approach from the board and senior management team of a regulated firm Here are some key steps they can take 1 Estab... View the full answer