COVID-19 has profoundly shifted day-to-day business operations and impacted the global economy. Following various lockdowns and border closures, prolonged uncertainty is likely to reshape the compliance landscape. Companies will need to adapt their ‘business as usual’ practices now and for the foreseeable future.
Here are the 3 strategies of leveraging on the Governance, Risk and Compliance (GRC) framework implementation to boost organizational capability:
- Implement a decentralized & agile risk-assessment process
- Control emerging cybersecurity risks
- Develop a GRC strategic roadmap with an acute focus on business continuity risk analysis
Our expert team at Tricor Axcelasia will guide you to develop a comprehensive COVID-19 response plan and robust governance framework to ensure business resilience in the long-term. We offer recommendations for aligning GRC strategy with your organization’s COVID-19 response plan.
Tricor Axcelasia is here to help
Tricor Axcelasia is here to work with businesses as they enter the response and recovery phase, helping them navigate operational challenges and mitigate risks arising from the sustained disruption.
For more information on how to thrive amidst the post-COVID-19 new normal, please download our Strategic and Operational Guide for Business Leaders to Thrive in a Post-COVID-19 New Normal and contact Tricor Axcelasia at info@axcelasia.com or (60) 3 2775 8989 (Malaysia) or (65) 6221 3565 (Singapore).
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