Governance, Risk and Compliance

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About GRC

 

Definitions

Governance defines the mechanisms an organization uses to ensure that its constituents follow established processes and policies.

Risk management leverages internal controls to manage and mitigate risk throughout the organization.

Compliance is the process that records and monitors the policies, procedures and controls needed to enable compliance with legislative as well as internal policies.

 

The operational failures of large organizations have fed the economic press during the last decade, whether the causes be internal or external forces.
To address these risks and their serious consequences, lawmakers have escalated regulations, forcing enterprises to provide more extensive and formal control of their operations.
As a result, the practices of risk management, audit, and compliance with financial laws or internal controls must be viewed as contributions to a single objective: the optimization and control of operations.

GRC (Governance, Risk and Compliance) improves the global efficiency of risk, control, and audit management in the organization through a central solution for information sharing.

 

To find out more

>> Operational Risk Management

>> Sarbanes Oxley Compliance

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