GRC Service (Governance, Risk Management & Compliance)

“The integrated collection of capabilities that enable an organization to reliably achieve objectives, address uncertainty and act with integrity." Keep your organization on track with activities conducted in departments such as internal audit, compliance, risk, legal, finance, IT, HR as well as the lines of business, executive suite and the board itself.

• Governance:

Security governance is the set of responsibilities and practices exercised by the board and executive management with the goal of providing strategic direction, ensuring that objectives are achieved, ascertaining that risks are managed appropriately and verifying that the enterprise's resources are used responsibly.

• Risk Management:

Every aspect of every business has the potential for risk, whether it’s a risk to reputation, health & safety, financial security, etc. It’s nearly impossible to avoid risks and certainly very difficult to do so whilst also achieving successes, so risk management is the set of processes that identify, analyze and respond appropriately to each potential risk.

• Compliance:

Managing risks is one thing but it’s possible for multiple conflicting risks to occur, leaving a business having to decide between minimizing the risk to safety or minimizing the risk to profits, so it’s necessary to ensure that the right decisions are always made. This is where compliance comes in, with businesses needing to comply with various standards, laws, regulations, etc, to avoid the penalties that result from non-compliance.

This GRC guide will tell you all you need to know about how your business can benefit from bringing these three areas together under this one discipline.