The Changing Face of Corporate Defence in the 21st Century
StrategicRISK, May 2008
14 Pages Posted: 28 Oct 2008 Last revised: 22 Jun 2016
Date Written: October 23, 2008
This paper begins by outlining some of the wide ranging usages of the term "corporate defence" and the numerous contexts in which it has been applied. It briefly compares the emerging contemporary view of corporate defence to that of "National Defence", and poses the question as to whether the corporate world is preparing itself for the adoption of a similar approach to corporate defence. It then highlights the growing recognition of the critical interdependencies and correlations which exist between defence related activities (e.g. Governance, Risk Management, Compliance, Intelligence, Security, Resilience, Controls and Assurance etc) which form the critical components of an organisation's program for self-defence.
The paper goes on to firstly consider the functional developments which have been occurring in recent years within these activities. These developments are examined in terms of a functional maturity model which addresses the business impact at each phase of development. The paper then considers the driving forces behind the cross-functional convergence evolution which is also occurring in this space and briefly addresses issues such as Enterprise Risk Management (ERM), Unified Security, Risk Intelligence, Governance Risk and Compliance (GRC), Integrated Assurance, Operational Resilience and finally Corporate Defence Management (CDM). The paper outlines the collective requirements which have been identified as a result of these cross-functional developments.
Keywords: Corporate defence, corporate defense, governance, risk management, compliance, intelligence, security, resilience, internal controls, assurance, internal audit, investigations
JEL Classification: L22, M14, O30
Suggested Citation: Suggested Citation