As one of the world’s foremost GRC providers, recognised by analysts for the strength of our technology and working with an array of blue-chip customers across a variety of industries and territories, we are obviously major advocates for an efficient and effective GRC function.

Remaining compliant with relevant regulation has become a much more involved process over the past decade or so, while at the same time there is more risk to businesses than at any other point in time. Organisations have to do much more to demonstrate compliance and it can be a significant undertaking that requires time, resource and the right technology platform to get right, while managing and mitigating risk is a long-term and on-going task.

We’ve written previously about how Brexit is the ultimate in risk management. Organisations must fully understand their level of exposure to Brexit – what is their supply chain, who do they trade with and what the likely impact of Brexit will be?

They can either make changes ahead of time to mitigate that risk or at least put in place contingency plans for the future. That’s a hard task right now because of the sheer uncertainty involved with Brexit. Even now, with just over a month or so until Brexit takes place, we do not know what form it will take or even if there will be a deal or not.