by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
GRC Professional : GRC Summer 2013
7 THERE HAVE BEEN A LARGE NUMBER OF GOVERNANCE, RISK and compliance issues emerging publicly over recent months, a selection of which is highlighted in this edition. The breadth of issues ranges from alleged corruption in government tendering processes, to bribery, global financial market rigging, money-laundering, and child sexual abuse in the church and school systems. What these issues highlight is the key focus that governance, risk and compliance should have in the fabric of management at all levels of business, government and social operations. They also highlight the broad impact, both financial and non- financial, which failures of controls and ethics can have on commercial profitability and key societal perceptions of trust. From a professional perspective, they also demon strate the interdependent nature of compliance and risk, especially operational risk practices. Last year, ACI and RMIA entered into a business outsourcing agreement under which ACI would provide agreed administrative and support services to RMIA. Over the past few months, both organisations have been committed to working together to give effect to that arrangement. Both ACI and RMIA have been in continuous discussion about working more closely together, exploring synergies and enhancing member benefits while reducing member costs. Both boards are committed to continuing the ongoing dialogue. The November 2012 joint GRC2012 conference on the Gold Coast was the most obvious example of the outcome of those discussions. Following the success of GRC2012, ACI and RMIA will be jointly hosting the GRC2013 conference in Melbour ne later this year. As part of the ongoing relationship between ACI and RMIA the question of a merger has arisen. Consequently, a working group of members from both respective boards has been established and is exploring a number of possible options, as well as considering broader issues such as cultural fit. At this point in time no decisions, either to proceed or not proceed, have been reached. In any event, should a merger proposal be forthcoming, it would be presented to ACI and RMIA members and subject to member approval prior to implementation com mencing. In coming weeks, ACI and RMIA will be canvassing members to assess their views on the nature of the ongoing relationship between the two organisations. Whatever the outcome of the relationship between the two professional bodies, it is clear that well-qualified compliance and risk professionals, backed by the voice of a strong professional body, will continue to have key leadership roles in business, government and administration, social and volunteer organisations, and education in order to influence and govern the proper analysis and implementation of compliance and risk practices. PRESIDENT'S MESSAGE The interdependent nature of GRC David Law rence CCP (Fellow), President, ACI * David resigned on January 31.
GRC Spring 2012
GRC Autumn 2013