GRC stands for trio factors that are governance, risk and compliance; in one word GRC is the flagship term encompassing an institutions approach toward risk management, governance, and business compliance. Activities influenced by GRC are enterprising risk management, corporate compliance, and control.
GRC typically deals with a new methodology of an organization adopting a unified approach to these three areas of business management. Initially, GRC was introduced for companies for designing and implementing adequate control over SOX agreement, but their highlight of GRC is now mostly on strategic planning and operational decision making.
A multitude of training programs in governance, risk and compliance are available. If you are interested in GRC training, please get in touch with us.Check out the blog article on Governance Risk and Compliance by subject matter experts