Continuously improve upon the security program while continuing to grow the business.
Compyl works with the technology your organization works with.
Begin building a scalable security program.
Build and maintain a robust risk management process.
Manage vendor due diligence and risk assessments.
Mature your security program quickly.
Create and centralize policies, standards, and procedures.
Securely store and monitor all contracts.
Streamline security with automated efficiencies.
Establish and monitor permissions for all users.
Catalog, access, and track all IT Assets.
Demonstrate the ability to effectively safeguard customer data's security, integrity, confidentiality, and privacy.
Prove the strength of your Information Security Management System to prospects and customers worldwide.
Organizations handling health information need to have measures in place & follow them.
Improve the security posture of information systems used within the federal government.
Guidelines to encourage best practices among financial institutions in Singapore.
This global security and privacy framework provides comprehensive information, risk, and regulatory protection.
We proactively monitor for the latest frameworks to ensure our customers environments remain secure at all times. Contact us and learn about the additional frameworks Compyl supports.
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Watch all Security Session Episodes
Real-world stories on how we help our customers.
Our mission and purpose are unique, just like the solution we created.
We are very serious about our security. See the measures we take.
Join our diverse team of intelligent, respectful, and passionate individuals.
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This guide provides an in-depth understanding of Risk Committees within organizations, their purposes, structures, and functions. It serves as a comprehensive resource for understanding how these committees operate and their critical role in organizational risk management.
The guide begins by defining a Risk Committee as a specialized group within an organization, usually consisting of senior executives and sometimes board members. It highlights their role in identifying, evaluating, mitigating, and monitoring a wide range of risks, including financial, operational, strategic, and compliance-related risks.
Next, it delves into the primary purpose of Risk Committees, emphasizing their responsibility to ensure a robust risk management framework. It covers how these committees develop strategies to effectively manage risks, establish risk tolerance levels, ensure compliance with regulatory requirements, and embed a risk-aware culture throughout the organization.
The guide then explores the composition and necessary skills for Risk Committee members. It stresses the importance of having a diverse group with expertise in finance, operations, legal, compliance, and strategic planning, and elaborates on the diverse perspectives and skills crucial for effective risk assessment and decision-making.
The guide discusses the frequency and structure of Risk Committee meetings, which are typically held regularly (e.g., quarterly) and may increase in frequency when needed. It explains how these meetings are structured, including reviewing risk reports, discussing new and emerging risks, assessing the effectiveness of risk mitigation strategies, and making recommendations to the board or management.
Further, the guide outlines the key functions of a Risk Committee, such as reviewing and updating the risk management policy, assessing risk exposures and appetite, evaluating the effectiveness of risk management processes, ensuring alignment with the organization’s strategy, and overseeing compliance with regulatory and legal requirements.
Overall, the guide provides a thorough overview of Risk Committees, highlighting their crucial role in safeguarding an organization against potential threats and contributing to strategic decision-making. It serves as a valuable resource for anyone looking to understand the integral role of these committees in effective organizational risk management.