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In September 2009, the Economist Intelligence Unit carried out a global survey on behalf of KPMG International, assessing the convergence of governance, risk management and compliance (GRC).The research looks at the driving forces behind convergence, the costs and perceived benefits and the barriers to achieving this goal.
The Economist Intelligence Unit surveyed 542 executives from a wide range of industries and regions, with roughly one-third each from the Asia Pacific, Americas, and Europe, Middle East and Africa regions Approximately 50% of respondents represent businesses with annual revenue of more than US$500m. All respondents have influence over or responsibility for strategic decisions on risk management and more than one half of respondents are C-level or board-level executives.
In this survey, "governance, risk and compliance" refers to the overall governance structures, policies, technology, infrastructure and assurance mechanisms that an organisation has in place to manage its risk and compliance obligations.
To supplement the survey, the Economist Intelligence Unit interviewed senior executives and industry specialists from a number of major companies. We would like to thank all the participants for their valuable time and insight. The findings expressed in this survey do not necessarily reflect the views of the sponsor