What is the Role of GRC in a Company?

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GRC (Governance, Risk Management, and Compliance) plays a crucial role within companies by ensuring that organizational activities align with established policies and regulations, managing risks effectively, and maintaining operational integrity. Its core responsibilities include:

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• Governance: Steering company practices towards ethical standards and corporate policies to ensure accountability and transparency.
• Risk Management: Identifying, assessing, and mitigating risks that could impact the company’s assets, reputation, and success.
• Compliance: Ensuring the company meets legal and regulatory requirements and internal policies and procedures.

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GRC is a strategic framework that helps organizations achieve objectives, address uncertainty, and act with integrity. Its integration into company operations promotes efficiency, reduces silos, and enhances decision-making, contributing to overall corporate health and sustainability.