As everyone knows effective Governance is the key factor of every organizations’ success; whether its small scale industry or mammoth sized corporates. The modern day organizations are facing really complex and ambiguous situations on their day to day Governance process. The problems evolving over a period should be addressed in dynamic way than conventional way. So, the organizations should be ready to face the challenges extended on Governance domain.
I believe, identifying the risk factors will drive the way to success. Compliance and governance will go hand in hand to comply with various regulations enforced by governmental bodies, regulators, internal policies or industry mandates. Compliance is not a onetime activity, the organizations should make it repetitive so they can continue with the regulation at lower cost and ensure mandatory compliance liability.