Once Corporate Governance, Risks and Compliance opportunities are clearly understood, a board can take the lead in developing and announcing an explicit GRC strategy on e.g. climate change as an integrated part of the company's business strategy.

The strategy should be accompanied by best-practice standards for disclosing GRC exposure to investors and other stakeholders. Boards can also guide the implementation of the GRC strategy, creating formal lines of accountability for meeting objectives and managing and responding to risks and opportunities.

In the next newsletter we will provide a paper on how you can incorporate Governance, risk and Compliance activities in developing you companies strategy for 2010.