What is Governance?
Governance is the structured approach of using policies and procedures to meet organizational goals. According to IIA it is an overall framework that defines how an organization is directed, controlled, and held accountable.
What is Risk Management?
Risk management is the process of identifying, assessing, prioritizing, and mitigating risks to minimize their impact on an organization.
What is Compliance?
Compliance is the act of adhering to laws, regulations, and internal policies to ensure the organization meets its governance requirements and objectives.
Why we need GRC?
GRC is crucial for organizations to align their operations with legal requirements, mitigate risks, and uphold ethical standards.