Survival of the Most Informed: Governance, Risk and Compliance (GRC) Comes of Age
Luncheon Event
As the Canadian business and regulatory environment continues to evolve, organizations that succeed will be those that can demonstrate resilience—the ability to drive business performance and achieve regulatory compliance in an environment in which these two outcomes must be managed strategically and with agility. Siloed approaches to assurance (including risk management, internal audit, and compliance) and imperfect governance processes have often led to false comfort and inadequate oversight.
The need for performance improvement and cost cutting continues, and increasingly complex business risks are creating new pressures. Boards of Directors are facing new stakeholder demands that they be accountable for their organizations’ governance systems, internal control processes and business success. Management, in turn, is being asked simultaneously to enhance oversight and transparency as well as drive performance and profitability.
To thrive, most organizations need to determine how to rationalize and better balance their assurance efforts to ensure strong governance, risk management, and regulatory compliance.
This presentation will discuss a model that brings together complex and disparate risk and compliance activities in order to direct these efforts more efficiently, in alignment with corporate strategy and supported by organizational culture that would help leaders gain intelligence and insight into what they may not know now, even if they have enterprise risk management and robust compliance processes in place.
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About the Speaker
James Barr is a partner in KPMG’s Risk Consulting practice with 17 years of professional service experience who focuses on providing assurance and risk-based business advisory services to the public sector, publicly-traded companies and private organizations. James also spent two years as an internal audit manager for a fortune 500 multinational company in New York.
James is a Chartered Accountant and has a Certification in Risk Management Assurance. James has considerable experience in assisting organizations to develop GRC and ERM frameworks and processes to support the evolution of their risk management practices.
James has presented publicly on the topics of developing and implementing GRC and ERM frameworks to Institute of Internal Auditor events in Edmonton, Regina, and Saskatoon, to the Risk and Insurance Managers of Saskatchewan chapter, to the Victoria Financial Management Institute chapter, and is presenting on this topic at the 2013 IIA Canada National Conference in Winnipeg.
James has also presented about GRC and ERM to dozens of client boards of directors and executive management teams.