Governance, regulations, and compliance (GRC)
In today’s complex and interconnected business environment, organizations face numerous challenges related to GRC. GRC refers to the framework and processes that organizations establish to ensure ethical conduct, adhere to laws and regulations, and mitigate risks. This topic aims to provide a comprehensive overview of GRC, explaining its key components, significance, and the role it plays in organizations. The content is presented in a manner that can be easily understood by individuals with a high school education.
Governance
Governance refers to the set of policies, processes, and procedures that guide the overall management and decision-making within an organization. It encompasses the establishment of a clear organizational structure, the definition of roles and responsibilities, and the implementation of effective oversight mechanisms. Good governance ensures that an organization operates in an ethical and transparent...
