I was happy to see Carnival Corporation receive a “GRC Achievement Award” from the Open Compliance and Ethics Group (OCEG) last week.

I profiled Carnival’s GRC approach last year in Business Finance, and I still remember the passion with which the company’s GRC captain, chief audit executive Richard Brilliant, proclaimed, “GRC is everything.”

If you have not read the case study yet, it’s worth doing so for three reasons:

1) Carnival defines GRC clearly and practically;

2) Carnival demonstrates how GRC building blocks — including executive support for an internal audit function whose objectives include facilitating operational improvements — can be assembled; and

3) Carnival is committed to continuous GRC improvement. ###