Definition : GRC

GRC, or Governance, Risk, and Compliance, is a comprehensive approach to managing and aligning an organization’s operations with its goals and objectives. It involves the implementation of policies, processes, and controls to ensure that the organization operates in a responsible and ethical manner, while also mitigating potential risks and complying with relevant laws and regulations. GRC encompasses a wide range of activities, including risk assessment, compliance monitoring, and internal audits, all aimed at promoting transparency, accountability, and good governance within an organization. By effectively managing GRC, companies can not only protect themselves from potential legal and financial repercussions, but also build trust and credibility with stakeholders and maintain a strong reputation in the marketplace.

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