Business integrity and the current environment
One of the biggest problems organizations face when implementing governance, risk and compliance programs is getting everyone in the organization to adopt them. Millennials, otherwise known as Generation Y, are known for being an early-adoption generation that takes to new concepts (like Instagram) at light-speed — but also for questioning immature solutions immediately.
As regulations and enforcement get tougher, and risks get more complex and interconnected, the success — and very survival — of any business will depend largely on how risk-aware, compliant and well-governed they are. The volume, velocity and variety of risks a company faces on a daily basis are only going to increase in today’s digital age, where a single tweet or an unsecured mobile device is all it takes to damage the long-term profitability and reputation of an organization.
Read the full report from Ernst & Young here.
