Boutique firms (hedge funds, private equity, venture capital, advisers etc.) tend to be more “entrepreneurial” and lack the controls and resources of larger “institutional” firms.
Clients, regulators and investors all need assurance that boutiques have adequate internal controls:
- Regulators: to maintain their licenses firms needs to evidence robust internal GRC controls
- Clients: boutique firms need to give clients extra assurance to win and keep their business
- Investors: external investors require internal controls to safeguard their investment
GRC-Maestro specifically gives assurance to regulators, clients and investors that boutique firms maintain a strict GRC environment.