Managing Enterprise Governance, Risk and Compliance
Simply defined, GRC is a coordinated and integrated strategy for corporate governance, enterprise-wide risk management, and compliance with regulatory and industry requirements. Organizations do this to improve quality processes, assess and manage risk and control activities, and comply with environmental, safety and other industry-specific regulations.
However, these efforts have often suffered from organizational silos, a focus on proximal needs, and a reliance on point solutions. Utilizing GRC as a strategy can enable businesses to make informed decisions that fundamentally change the way they manage risk and compliance.