FAQ

What is governance, risk management and compliance?

Governance, risk management and compliance (GRC) refers to an organization’s strategy for dealing with the interdependencies between 3 factors listed below:

  • Governance: The ethical management of an organization by its leaders in accordance with approved business plans and strategies.
  • Risk management: The process by which an organization identifies, categorizes, assesses, and implements strategies to minimize risks that would impede operations and control risks that would improve operations.
  • Compliance: It refers to an organization’s level of adherence to the standards, regulations, and best practices mandated by the business as well as relevant governing bodies and laws.

Services

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