Governance, Risk and Compliance (GRC), refers to the coordinated strategy for managing governance, risk management and compliance with regulatory requirements.
A business is exposed to legal penalties, financial fines and material loss when it fails to act in accordance with industry rules and regulations, internal policies or prescribed best practices.
The compliance and risk landscape is continually changing. To remain competitive, businesses must have governance, risk management and compliance strategies in place that keep pace with new legislation and stakeholder expectations.
We can assist in developing a systemic risk governance approach to decision making to enable your business to:
- Improve strategic decisions by clearly defining the associated risks and opportunities.
- Use proactive and effective monitoring to minimise unexpected events.
- Utilise risk, regulatory, and compliance data to drive operational efficiencies, lower costs, and increase revenues.
- Avoid fines, penalties and damage to reputation.
Increasingly, businesses are turning to sound governance to acquire the wider benefits that it creates and become more efficient and effective in managing their business opportunities and risks.
For further information, please contact one of our Partners who will be able to assist you.