Jun 7, 2023 Compliance holds significant importance in the manufacturing industry due to various reasons. Compliance also plays a vital role in maintaining workplace safety, protecting employees from hazards, and reducing the risk of accidents or injuries.
Apr 10, 2023 Governance, Risk, and Compliance (GRC) are three critical components businesses of all sizes must manage to comply with industry standards and regulations. GRC involves creating, implementing, and monitoring policies, procedures, and controls to mitigate risks and maintain transparency around compliance policies. Large businesses usually have dedicated teams and advanced technologies to manage their GRC processes.… Continue reading Guidelines to Buy GRC Software
Apr 9, 2023 Internal controls are an essential component of any compliance program. They are the policies, procedures, and processes that help to ensure that an organization complies with applicable laws, regulations, and industry standards.
Apr 3, 2023 Modern organizations face increasing pressure to operate safely, sustainably, and in compliance with various regulations and other requirements related to material use, supply chain, by-products, and environmental, health, and safety (EHS) practices across the globe.
Mar 31, 2023 Compliance is not just a set of rules to be followed, but rather it’s a culture that needs to be instilled within an organization. Compliance needs to be brought from the fringe to the forefront.
Mar 28, 2023 The concept of compliance has undergone significant changes; the number of regulations, fines, penalties, and reporting requirements related to compliance and environmental, social, and governance (ESG) issues have also increased rapidly.
Mar 23, 2023 Compliance operations are critical to running a business today, especially with increasing regulations and scrutiny. Organizations must operate within legal and ethical boundaries, mitigate risks, and safeguard their reputations.
Mar 20, 2023 The world has seen the collapse of Silicon Valley Bank, a medium-sized bank focused on tech startups after panicked depositors rushed to withdraw their money. Several factors led to the collapse of the bank, one of which was the absence of diversification, and a typical bank run scenario occurred where a large number of customers withdrew their deposits simultaneously due to concerns about the bank’s ability to meet its financial obligations.
Mar 20, 2023 The collapse of Silicon Valley Bank, the go-to-bank for US tech start-ups deemed the largest institutional failure since the 2008 financial crisis. The bank’s failure is majorly attributed to its risk management failure, lack of accountability among the board, inadequate control measures, and poor communication.
