The Gilbane Report and The Compliance Consortium, an international membership organization to promote effective governance, risk and compliance management (GRC), has published its operational approach for managing GRC requirements within the enterprise. Applicable to both public and private companies, the framework is designed to assist senior management and boards of directors in setting objectives for managing a wide range of compliance-related activities and instituting the programs needed to attain those objectives. This initial version is a “public draft” and is intended to invite constructive criticism and ultimately to build a broad consensus within the hundreds of companies that have registered as part of The Compliance Consortium Community over the past year. Interested parties may access the report at: “Governance, Risk Management, and Compliance: An Operational Approach” www.thecomplianceconsortium.org.

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