Save on Career Education through Lorman Education Our readers are offered a discount on Lorman seminars and courses. Check out their business, management and legal offers at this link to qualify for our discounts. They also offer green business training opportunities. Please visit http://www.lorman.com/training/CaliforniaGreenSolutions for a complete listing of courses. Register online or call Lorman at 866-352-9539.

OCEG Survey Shows Business Leaders Seek and Value Integrated GRC

"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.

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.

For more on the survey's key findings, please go to www.deloitte.com/us/GRCStrategyStudy. To receive a copy of the report, please go to www.oceg.org/view/GRCStrategyStudy.

About OCEG

OCEG is the only nonprofit organization offering comprehensive guidance, standards, benchmarks and tools for integrating governance, risk management, internal control and compliance (GRC) processes. Our unique platform and organizational structure helps you take advantage of contributions from thousands of experts and companies - many of them just like yours. Our guidance, benchmarking, custom tools and communities of practice help you drive principled performance(TM). www.oceg.org