Newsletter | Volume 1

Issue I
Issue II
Issue III
Issue IV
Issue V
Issue VI
Issue VII
Issue VIII
Issue IX
Issue X
Issue XI
Issue XII
Issue XIII
Issue XIV
Issue XV
Issue XVI
Issue XVII
Issue XVIII
Issue XIX
Issue XX
Issue XXI
Issue XXII
Issue XXIII
Issue XXIV
Issue XXV
Issue XXVI
Issue XXVII
Issue XXVIII
Issue XXIX
Issue XXX
Issue XXXI
Issue XXXII
Issue XXXIII
Issue XXXIV
Issue XXXV
Issue XXXVI
Issue XXXVII

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What is the combined Governance, Risk Management, Compliance and IT Security (GRC) system all about?


Every company does GRC and has some method to governance, risk management, compliance and IT security issues. The question is how structured and reliable is the company's strategy. We suggest the Copenhagen Compliance® GRC roadmap and framework to organize your GRC journey.

We define G as the company's business journey to be competent and reliably perform the Governance objectives. The R addresses business uncertainties thru a structured enterprise risk management development. The C acts with integrity in a manner by which the organisation is in compliance to all laws, rules and regulations. Therefore focusing on GRC is to capture IT security to combine, integrate and automate the organizations GRC efforts.

The principles and distinguishing characteristic of Copenhagen Compliance is to reach GRC compliance in a single framework that involves strategy, process, information, and technology to work together across the business, its operations and processes. GRC requires the quantification exercise of the GRC components. Thereafter management can assess the prioritized GRC quantities by integrating the different types of GRC applications and content across the business by mapping the different GRC processes.

There are no shortcuts. You need complete the above exercises to achieve efficiency, effectiveness, and agility in a dynamic and distributed long term business environment and avoid duplication of GRC efforts.

Copenhagen Compliance integrated and automated GRC Framework.


However if, the board, management and the company does not understand the business and how it operates – e.g. how mature is the GRC processes are, cannot integrate the GRC procedures. Understanding that consistency and one-size-fits-all are two different questions is the key to promote compliance value.

We recommend a customized roadmap and framework approach to GRC implementation. To start in a bottom up- decentralized mode, because we often find that the GRC applications in organizations is quite fragmented where everyone does their own thing at their own free will and check the box to be GRC compliant.

Later on in the process the goal is to streamline the efforts where everyone has to use one common GRC platform (not to confuse it with an IT platform), or an integrated and automated method using the customized roadmap and framework. Copenhagen Compliance GRC efforts are to integrated and automate all GRC efforts.

The integrated and automated GRC framework design allows you to select the best-of-class solutions and copy paste them in other processes, where they make sense, without losing the centralized possible to integrate and manage the GRC data and information for automation purposes.

The multiple in house GRC solutions that exist in the companies continue to surprise us. Different departments have invested in manual and IT solutions that have functioned for many years. Replacing one activity with another simply means adding another GRC layer making the functionality more complex. The Copenhagen Compliance framework will unite and ultimately automate the variety of different GRC roles, processes, technologies, and content into one engine room provided by the framework and improve where it makes sense and automate where it is appropriate

The next stage is to take the integrated and automated GRC framework to centralise oversight process, reporting, transparency and accountability content and analytics architecture into the IT technology selected for that purpose.

Those GRC processes that do not qualify will be left alone for manual treatment until they mature for central integration. Thereby the GRC processes at varying degrees and level of maturity can be aligned only when they create value to the business.

The components and characteristics of the Copenhagen compliance GRC roadmap/framework:

Action oriented GRC business applications and processes is to


enable GRC activities across business systems and processes. Copenhagen compliance GRC roadmap/framework brings GRC to the business intelligence, performance, and current IT systems and tools to improve real-time insight into business decisions, operational intelligence, and GRC monitoring.

Integration of the GRC content.


The integration of content and technology is core to GRC roadmap. GRC strategies however standard must comply to the rapidly changing regulations and risks and raise awareness on how they influence policy, performance, controls, policy and the strength of the GRC management in the organization.

Assessing the GRC environment awareness.


Through the Copenhagen Compliance GRC framework development into business operations the GRC environment gains a helicopter view of the process that function and tests that fail. Thereby creating environment of consciousness in heat maps and traffic lights. Where risk and compliance issues are measured and monitored it is understood throughout the in the audit trail of operations and transactions.

GRC lines of defense.


Effective GRC practices include more than just front lines of the business operations. The Copenhagen Compliance GRC roadmap is about delivering security and comfort by getting officers and employees in more than one line of defense without diminishing or spreading thin the GRC ownership issues.

The GRC match.


The GRC roadmap is focused on GRC process mapping. The entire implementation task is all about engaging the GRC officers and employees. Training and awareness workshops allow employees to understand their role in the big GRC picture and appreciate their contribution to the overall success of creating value.

State-of-the-art GRC on your palm.


Issue reporting, alerts, and audits and compliance assessments can be combined with GRC policies, training, and other interactive devices. Other programs for Bribery, Fraud or Corruption investigations can be placed in the appropriate compliance program to make the GRC processes more efficient and effective.