GRC Journal - (Page 97) BUILDING A BRIDGE Governance, Risk & Compliance What are some of the challenges enterprises face when trying to align GRC with information technology? SH These two roles are often at odds; the very requests that originate from other business functions to support their GRC efforts can often take time away from IT’s own efforts to lock down its own controls and governance requirements. Unless an organization is careful, it may force IT to make difficult decisions on its own. Enterprises must ensure they are supporting the overall business objectives and not just focusing on the narrower IT requirements at the expense of other requirements. Who are the individuals within the enterprise who should be involved in the OCEG Network? SH Any stakeholder tasked with establishing or assessing GRC processes, milestones, or results should be involved in the OCEG Network. We focus on a broad set of domains including corporate governance, intellectual property, competitive practices, international transactions, ethics, information management, employment, product quality, and quite a few more. Effective governance, risk, and compliance management cannot be achieved by a department or a project; it is achieved through a sustained and integrated set of practices that are fused into the operations and culture of an organization. OCEG’s mission brings this eclectic community of stakeholders together, give them a common framework within which they can collaborate, and work together towards their collective success. “Enterprises must ensure they are supporting the overall business objectives and not just focusing on the narrower IT requirements at the expense of other requirements.” - Sebastian Holst ® Scott L. Mitchell serves as the President and CEO of the Open Compliance & Ethics Group (OCEG), a non-profit initiative that provides standards, guidelines, and online resources for integrating governance, risk management, compliance, and ethics. Mr. Mitchell also sits on the Advisory Board for the Enhanced Business Reporting Consortium, working with the AICPA, SEC, the U.S. Chamber of Commerce, and other leaders in the field of financial reporting. Mr. Mitchell was recognized by Human Resource Executive Magazine as one of the top 20 thought leaders in their “Forecast 200” and “Forecast 2005” issues regarding the future of human resource management. Mr. Mitchell was recently recognized by Business Finance Magazine as one of the “Top 60 Influencers” in corporate finance. Currently, Mr. Mitchell is also the Chairman and CEO of DoubleDrum Capital, and prior to DoubleDrum Capital, Mr. Mitchell was the President and CEO of Learning Productions. Sebastian Holst Sebastian Holst serves as the Director of Technology Programs at the Open Compliance and Ethics Group, where he manages and co-chairs the OCEG IT Forum and contributes to the OCEG Technology Council. Mr. Holst is also Senior Vice President of sales and marketing at PreEmptive Solutions. His prior experience includes VP of marketing and product management roles at both public and private enterprise software companies, where he helped to establish governance, risk, and compliance (GRC) management and enterprise content management technologies. Mr. Holst has also been active in the standards community, where he served for five years on the W3C advisory committee, helped to found the Compliance Consortium, and has served on the boards of publishing and energy industry standards bodies. 2 BTQ Business Trends Quarterly Q3 2006 | www.btquarterly.com http://btquarterly.com
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