Tag Archives: principled performance
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OCEG, the Open Compliance & Ethics Group has developed standards for the structure of GRC (Governance, Risk & Compliance). Although initially focused on GRC as a risk practice OCEG has shifted focus to a new concept called Principled Performance. OCEG has modified Enterprise Risk into a Principled Performance model that is inclusive of the COSO Enterprise Risk framework. This shift in focus appears to imply that risk management is responsible for firm performance.