Business and public sector leaders today face an unprecedented challenge
of compliance and risk management. A long-standing trend toward
increased regulation became a flood with the economic crisis of 2008.
Combined with the clamor for improved enterprise risk management and the
growing complexity of multi-national compliance, these conditions
present executives with a dramatically new and confusing array of
questions and challenges. Governance should offer solutions, but it is
increasingly clear that yesterday's governance practices aren't up to
the task. In both design and implementation, they are too disconnected
and incomplete to fully address our complex compliance and risk
management puzzle. Executives get only fragmented views of their true
business performance, and inefficiencies drive up costs. We at CA can
look at this challenge with a unique perspective. As Computer
Associates, our company directly experienced the consequences of
inadequate governance, including an investigation in 2002 that resulted
in an agreement with the government to improve accounting and other
business processes.