Managing interdependencies between the three important aspects of your organization

Governance, risk, and compliance (GRC) is a set of processes and procedures that help an organization achieve its goals, resolve uncertainties, and conduct itself with integrity. In other words, the primary purpose of GRC is to instill good business practices in the daily operations of your organization. This is a strategy for handling interdependencies between the following three components:

  • Governance, or the corporate governance policies
  • Risk, or the enterprise risk management programs
  • Compliance, or the regulatory and company compliance
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