Five Leading Companies Win GRC Achievement Awards for Improvements in Risk Management and Compliance - Adecco, Constellation Energy, Humana, MISO and Visa all win OCEG awards for compliance and risk management projects. Constellation Energy also receives the Peer Choice Prize.
WASHINGTON D.C. May 25, 2011
OCEG is pleased to announce five winners of the 2011 OCEG GRC Achievement Awards, each of which has made great strides in integrating governance, risk management and compliance (GRC) to achieve principled performance.
“Each winning project showed real maturity in moving to integration across and between areas of risk management and compliance, driving risk-aware decision making and supporting business performance,” said Melissa Lentz, the Executive Director of OCEG’s affiliate organization, GRC Certify, as she presented the winners to the 500-plus-member audience at the Compliance Week 2011 conference last night. She continued, noting, “in each case a higher level of maturity is evident in the cross-functional integration of risk management and compliance information supported by sophisticated use of technology – a clear indication that these are critical ways to gain the transparency and control that is needed in complex organizations today to drive business performance.”
“These winners not only benefit from implementation of their projects, but they also can now identify and quantify the benefits to risk and compliance management, which is a substantial contribution to driving the business case for GRC in the market today, something OCEG wants to recognize and reward,” said OCEG President Carole Switzer.
Based on a vote by attendees at the Compliance Week 2011 conference who viewed presentations about each of the winning projects, Constellation Energy also has been awarded the Peer Choice Prize for its comprehensive risk management improvement project. Upon hearing about the Peer Choice award, MetricStream CEO Shellye Archambeau said, “Constellation Energy undertook an ambitious project to establish a common GRC framework enabling each business and functional area to manage its own risks while facilitating risk aggregation, effectiveness of controls, monitoring, and management reporting. We are very pleased that MetricStream has been able to support this process with our GRC platform, and I’d like to extend my personal congratulations to Constellation Energy for the recognition they have received.”
Presentations on each of the winning projects are available at: http://www.oceg.org/tags/grc-achievement-awards
