History
Initial interest in LGRC was driven by corporate legal departments, particularly after the financial crisis of 2007-2008 and the resulting likely regulatory climate. Like the Sarbanes-Oxley act, legal industry thought leaders saw a need for a new framework for legal GRC, and borrowed heavily from IT, RIM and other industries to try to come up with new, clear processes and rules to make navigating the choppy waters of the post-financial crisis legal world go as smoothly as possible.
Read more about this topic: Legal Governance, Risk Management, And Compliance
Famous quotes containing the word history:
“Boys forget what their country means by just reading “the land of the free” in history books. Then they get to be men, they forget even more. Liberty’s too precious a thing to be buried in books.”
—Sidney Buchman (1902–1975)
“The only history is a mere question of one’s struggle inside oneself. But that is the joy of it. One need neither discover Americas nor conquer nations, and yet one has as great a work as Columbus or Alexander, to do.”
—D.H. (David Herbert)
“Let it suffice that in the light of these two facts, namely, that the mind is One, and that nature is its correlative, history is to be read and written.”
—Ralph Waldo Emerson (1803–1882)