GRC

Governance, Risk Management & Compliance

GRC or Governance, Risk Management, and Compliance is the umbrella term covering an organization's approach across these three management disciplines.

Being closely related concerns, governance, risk and compliance related activities are increasingly being integrated and aligned into processes in order to avoid conflicts, wasteful overlaps and gaps.

While interpreted differently in various organizations, GRC typically encompasses activities such as corporate governance, enterprise risk management (ERM), corporate compliance with laws and regulations, as well as risk management and compliance efforts related to the use of Information Technology (IT).

Many organizations are interested in adopting one single GRC platform to manage risk and compliance efforts related to both the IT and enterprise domains. There is however still a substantial gap that exists today in most organizations between the IT and enterprise GRC functions.

 

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