Define and Distribute your Code of Conduct With regulatory, legal, business, and risk environments evolving on a daily basis, Governance, Risk & Compliance (GRC) professionals are expected to stay on their toes. After all, every organization--regardless of size or stature--intends to maintain the integrity of their business by avoiding financial, legal, and other liabilities. This aspect of a GRC solution has remained a constant ever since modern technologies began impacting the way organizations cope with governance, risk, and compliance. However, organizations are coming to the realization that besides leveraging regular GRC features to organize and evaluate risk information, track companywide incidents, measure risk factors, and modify operations as necessary to comply with certain policies, they can use a GRC software to define and distribute their Code of Conduct. The importance of penning down an absolute Code of Conduct can't be understated. Some of the world's most influential corporations leave no stone unturned in churning out a well-written Code of Conduct that clarifies the organization's mission, values, and principles. To most, the Code of Conduct also serves as literary material for employees that details the expected standards of professional conduct, and a reference for day-to-day business-related principles within the organization. A trend that began more than five decades ago, several organizations still chart their Code of Conduct on framed memo boards and hang them on a physical wall. However, globalization, enterprise mobility, and cloud-based GRC software systems have obviously bucked the old trend. Today, an organization's Code of Conduct--which almost acts as a constitution--sits out on the cloud for employees to access remotely. Besides defining and distributing their Code of Conduct, enterprises are using GRC solutions to deliver 24/7 hotline and incident management analysis to effectively extend their risk management and compliance program across third parties. A robust GRC solution must also enable an organization to identify, assess, and mitigate risk for all industries spread across issues such as bribery, harassment, data security, and conflicts of interest. Since all three GRC components and tasks--governance, risk, and compliance--impact the same aspects of an organization and reveal valuable information about the other two, vendors package GRC products as a whole to deliver these collective benefits to the client.Leafing through this special edition of CIO Applications will allow strategic planners to comprehend the depths of opportunity for turning prevailing trends into productive outcomes.Joe PhillipManaging Editoreditor@cioapplications.comJoe PhillipEditorialCopyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.July - 15, 2019, Volume 05 - Issue 37 (ISSN 2644-240X)Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsVisit www.cioapplications.comGraphics & ArtManaging EditorJoe PhillipSenior WritersClara MathewEditorial Staff*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffSalesGeorge Thomasgeorge@cioapplications.comEmailsales@cioapplications.comeditor@cioapplications.commarketing@cioapplications.comContact UsPhone: 510.330.5174Fax: 510.894.8405Declan ColeRonald DonovanBen JacksonDaniel HolmesEzra BenjaminJune MichaelJayajith Leah JaneRoyce D'Souza
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