GRC (Governance, Risk Management, Compliance)

GRC stands for Governance, Risk Management, and Compliance. It refers to the framework organizations use to ensure they operate effectively, manage risks, and adhere to laws and regulations. Governance involves setting policies and making strategic decisions to guide the organization. Risk Management identifies potential threats to the organization and develops strategies to minimize their impact. Compliance ensures that all activities meet legal and regulatory requirements. Together, GRC helps organizations maintain accountability, prevent legal issues, and build trust with stakeholders, creating a balanced and responsible operating environment.