Wolters Kluwer: Governance, Finance, Risk And Compliance - Bringing Critical Functions Together For A More Comprehensive Picture

As is true in many endeavors, sometimes you just can’t get there from here. Such a fragmented organizational structure is at least partly to blame for the failure of many firms that follow Governance, Risk and Compliance practices to prevent or immediately detect excessive risktaking and malfeasance during the global financial crisis. Barriers between departments prevented colleagues who knew the lie of the land from alternative vantage points from alerting others to existing or potential