Governance, Risk Management and Compliance (GRC)

Governance, Risk Management, and Compliance (GRC) refers to a set of processes that organizations use to ensure they operate effectively, manage risks, and adhere to laws and regulations. Governance involves establishing policies and procedures to guide decision-making. Risk Management identifies potential threats to the organization and develops strategies to mitigate them. Compliance ensures that the organization follows legal and regulatory requirements. Together, GRC helps organizations achieve their objectives, protect their reputation, and minimize risks, creating a balanced approach to management and accountability.