The report explains that if organisations want to align their business strategy with the latest trends and technologies, they must implement a proactive, resilient, and agile approach to their corporate governance.This will allow these organisations to thrive in the modern markets and recover from disruptions faster.
“The interconnectedness of objectives, resiliency, and integrity require 360-degree contextual awareness of GRC,” said Rasmussen. Whittle also explained that companies and climate change have a two-way relationship: companies influence climate change, and climate change affects how businesses can operate.
However, it also creates new ways for malicious parties to thrive – so it is vital that companies focus on governance in this evolving area of business.