Governance Risk Management

Governance Risk Management involves creating systems and processes to identify, assess, and address potential problems that could threaten an organization’s objectives, reputation, or operations. It ensures that there are effective oversight, accountability, and decision-making practices in place. By managing risks proactively, organizations can prevent or minimize negative impacts, comply with laws and regulations, and maintain stakeholder trust. Essentially, it’s a structured way to manage uncertainties and safeguard the organization’s long-term success through good practices, strategic planning, and responsible leadership.