• Governance, risk management, and compliance… applied to the max

G

G overnance

is the overall system of rules, practices, and standards that guide a business.

R

R isk

is the process of identifying potential hazards to the business and acting to reduce or eliminate their impact.

C

C ompliance

is the process of ensuring company policies and procedures are designed to comply with specific policies or regulations.

GRC stands for Governance, Risk management, and Compliance, and it aims at ensuring the company can freely go after achieving its objectives, address uncertainty, and act with integrity. GRC is a collection of critical and synergistic capabilities that work together to achieve aligned business objectives.

It is a strategy for managing a company’s overall governance, risk management, and compliance with regulations. Think of GRC as a structured approach to aligning IT with business objectives, while effectively managing risks and meeting compliance requirements.

A well-planned GRC strategy backed by an effective GRC platform leads to several benefits:

Implementing GRC through a GRC platform is easier, faster, and more efficient in covering all the required domains and controllers.

At TSC, we strongly recommend deploying a GRC platform to achieve the best results. Through using a suitable platform, governance will be state of the art.

The continuity of governance is just as important as governance itself. Keeping the company governed at all times is one of the main goals of a GRC platform.

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