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Corporate Responsibility (CR) or Corporate Social Responsibility (CSR) is a concept whereby organizations stress responsibilities to the public, ethical behavior, and the need to practice good citizenship. The organization takes responsibility for the impact of their activities on customers, employees, shareholders, communities and the environment in all aspects of its operations. Organizations that lead the way in social responsibility understand that to shape a truly sustainable future for their business and society, it is essential to consciously design innovative strategies to get there.

VRAI Transformation helps organizations develop an integrated strategy that is systemically integrated with the organization’s Mission, Vision and Values. With this approach the systems perspective is more than isolated best practices and is deployed across all of the organization and its stakeholders. Systems for continuous improvement are built in. The systematic perspective allows senior leaders to focus on strategic direction and on their customers. It allows them to monitor, respond to, and manage performance based on results. VRAI Transformation helps build measures and indicators that allow for organizational knowledge to build key strategies. They help to link these strategies with the organization’s key processes and help to align resources to improve overall performance and satisfy customers and stakeholders. This allows senior managers to manage the whole organization, as well as its components, to ultimately achieve success in the Triple Bottom Line .

Survey Reveals Fragmented Governance, Risk, and Compliance Efforts Can Thwart Companies From Achieving Business Goals

OCEG Survey Shows Business Leaders Seek and Value Integrated GRC


(CSRwire) NEW YORK - September 27, 2007 - Most companies acknowledge the high cost and risks of fragmented governance, risk, and compliance (GRC) efforts, yet few have taken action, according to the 2007 Open Compliance and Ethics Group (OCEG) GRC Strategy Survey released today.

"The survey revealed a higher degree of dissatisfaction and pain associated with current GRC approaches than we expected to find," said Lee Dittmar, a Principal with Deloitte Consulting LLP, a primary sponsor of the survey. "However, while respondents recognized the need to reduce unnecessary complexity and better integrate their risk and compliance needs with mainstream business processes, a relatively few have taken action to address the problem."

The key findings of the 2007 OCEG GRC Strategy Survey include:

  • 84 percent reported fragmentation of GRC activities and processes.

  • 65 percent claimed fragmented GRC caused serious business problems through duplication of efforts, redundant solutions, higher costs, and increased risk.

  • 75 percent would scrap their current programs and start over if possible.

  • 71 percent that acted on integration opportunities realized benefits that met, or exceeded company expectations.

    "Organizations want and need comprehensive frameworks and enterprise solutions to address governance, risk, and compliance challenges," said Scott Mitchell, OCEG Chairman and CEO. "This survey supports what we have learned from members of the OCEG community over the past several years. It is this demand that has driven OCEG's work to develop the OCEG Framework and extensive database of guidance, standards, and resources. We expect the other parts of our 2007 benchmarking series (still in progress) to provide additional insight about how organizations are addressing risk assessment, training, and other key GRC capabilities."

    Approximately 250 organizations from more than 15 countries, representing a broad range of industries, participated in the OCEG survey sponsored by Deloitte Consulting LLP, SAP, and Cisco. 

    To receive a copy of the report, please go to
    www.oceg.org/view/GRCStrategyStudy.


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    VRAI Transformation 2007