What is GRC?

GRC stands for Governance, Risk, and Compliance - a unified approach that aligns an organization's activities with its business objectives while managing risk and meeting regulatory requirements. Rather than treating these as separate functions, GRC integrates them for efficiency and effectiveness.

The Three Pillars

Governance

Strategic direction and oversight
Policies and procedures
Organizational structure
Performance management
Stakeholder alignment

Risk Management

Risk identification and assessment
Risk mitigation strategies
Risk monitoring and reporting
Business continuity
Third-party risk

Compliance

Regulatory requirements
Industry standards
Internal policies
Audit management
Reporting and documentation

Benefits of Integrated GRC

Eliminate silos between functions
Reduce duplication of effort
Improve decision-making
Lower compliance costs
Better risk visibility
Streamlined audits

GRC Technology

Modern GRC platforms provide:

Centralized policy management
Automated control testing
Risk registers and heat maps
Compliance workflow automation
Audit trail and evidence management
Real-time dashboards and reporting