Business Ethics: Core of GRC

Feb 25, 2010 8:00 AM ET

The Case for Business Ethics (6/7): Core of GRC

The Open Compliance and Ethics Group (OCEG) Framework is centered on the Governance, Risk, Compliance (GRC) Capability Model (commonly known as the Red Book). It describes key parts of an effective GRC system that integrate the principles of good corporate governance, risk management, compliance, ethics and internal controls. Included is the need for an ethics code, ethics awareness and ethics training, and an ethics hotline...

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