Preface GRCIS 2011

Abstract

The importance of governance and associated issues of compliance and risk management is well recognized in enterprise systems. This importance has dramatically increased over the last few years as a result of numerous events that led to some of the largest scandals in corporate history. The governance, risk and compliance market is estimated to be worth over $32 billion. Tool support for governance, risk and compliance related initiatives is provided by over 100 software vendors, however, while the tools have on average tripled in price since 2003, they are often insufficient to meet organizational needs. At the same time, there is an increasing complexity in the facilitation of compliant business processes, which stems from an increasing number of regulations, frequent and dynamic changes, as well as shared processes and services executing in highly decentralized environments. © 2011 Springer-Verlag.