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GRC Professional : GRC Spring 2011
Ceo’s messAge We plan to bring to you a range of case studies, in-depth stories and interviews on issues from around the asia- pacific region and across a multitude of industry sectors. hellO and welcOme TO THE FIRST edition of GRC Professional, a new magazine that has been created to meet the needs of governance, risk and compliance practitioners while also supporting our members and their organisations in managing their complex and sometimes conflicting GRC obligations. Members of ACI would be aware that in recent times we have made the decision to broaden our membership activities to include the related disciplines of risk and governance. Following on from feedback from members, we also became aware that there was a gap in our membership offerings, as well as in the broader GRC market, for a quality publication that would support our biannual Compliance and Regulatory Journal. GRC Professional has been designed to fill this gap by providing readers with not only topical stories, but also highlighting what these events mean for individual GRC professionals and their organisations. We plan to bring to you a range of case studies, in-depth stories and interviews on issues from around the Asia- Pacific region and across a multitude of industry sectors. In addition we will also be showcasing ACI member events and activities, as well as highlighting the achievements of our members and their organisations. In this edition we will be covering the topical issue of bribery and corruption, following the ongoing RBA note-printing bribery charges, and in the wake of the new UK Bribery Act, which has some of the broadest anti-bribery laws in the world. According to the latest Transparency International Corruption Perceptions Index, regions with ACI members rate well, with New Zealand and Singapore equal-first in the world, Australia at number eight and Hong Kong at 13. However bribery and corruption can occur in any organisation, particularly if you don’t have robust compliance and risk frameworks in place. We provide some advice for identifying and managing corruption risks on page 12. We also look at the risks and opportunities of social media (page 18), and provide a case study on the superb compliance team at gaming company Tabcorp (page 26). Ultimately this is your magazine. We welcome your feedback so we can ensure that you find it to be both a valuable and relevant membership resource. Martin Tolar, Chief Executive Officer, ACI
GRC Summer 2012