Due to its highly regulated nature and regular audits & inspections, the education sector carries its own unique set of risk & compliance requirements. Combine this with the pressure to modernise facilities, keep pace with the latest technology, and provide a high-level of education to meet targets, and educational institutions have a lot to manage.

A recent survey of 500 global board members by EY revealed that risk management today is not always aligned with business strategy and is too entrenched in the here and now – revealing just how little value is placed on risk management’s role in setting of company strategy.

Too often GRC is managed by siloed departments without considering overall enterprise performance as a key driver. In this webinar we want to flip GRC on its head as we discuss why enterprise performance and strategic objectives should be the driving force behind your GRC programme.

The power of integrating risk and strategy is one that many organisations fail to comprehend. However, they may try the struggle for many organisations is a mix of the board failing to understand its value, risk teams working as a department of “no”, and an inability to connect and report on the integration between risk and strategic planning properly.

Without a comprehensive set of policies & procedures, businesses open themselves up to a world of ambiguity, unforeseen costs, and fines & penalties. But with so many policies to maintain & communicate, policy management can become a challenge for organisations.

Governance is the cornerstone of a healthy organisation – it signposts how it operates and behaves both internally & externally and within the market it operates. But you can’t demonstrate good governance without the data to back it up – which is why a robust governance framework that ensures staff and leaders are performing in line with rules, policies, and regulations is essential.

Organisations that are able to manage GRC as an integrated program are more successful as it helps accelerate their readiness and improves business performance, yet every solution is different and each business has different needs – which is why scoping out the right tool is critical for success.

Managing risk and achieving compliance is critical for the education sector to protect students, secure funding and keep pace with modern protocols.