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Governance Risk And Compliance Management

oboloo Glossary

Governance Risk And Compliance Management

Governance, Risk and Compliance Management (GRCM) is the practice of proactively steering organizational processes to improve corporate performance while managing and reducing risk. This involves a comprehensive approach to governing behaviour, overseeing operations and mitigating potential risks within an organization. It is a holistic, integrated set of activities driven by specific protocols, standards, laws and regulations that are tailored to the needs of individual organizations. GRCM’s primary aim is to support an organization’s mission by ensuring that its goals and objectives are met in accordance with accepted standards for professional conduct. From regulatory requirements to internal policies, GRCM helps organizations stay ahead of compliance issues and manage information security responsibilities.

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