GRC (Governance, Risk, Compliance)

Governance, Risk, and Compliance (GRC) refers to a framework that organizations use to ensure they operate effectively, manage potential risks, and adhere to laws and regulations. "Governance" involves the rules and processes for making decisions, "Risk" focuses on identifying and managing uncertainties that could impact success, and "Compliance" ensures the organization follows relevant laws and standards. Together, GRC helps organizations maintain accountability, protect their assets, and build trust with stakeholders by creating a structured approach to manage various challenges and responsibilities.