Governance Risk & Compliance

- Refers to the processes and structures used by organizations to ensure their activities meet the needs of the business in a comprehensive and ethical manner.
- Governance involves setting the organization’s strategic objectives, ensuring resources are used effectively, and making decisions that guide the organization towards achieving its goals.

- Involves identifying, assessing, and mitigating risks that could potentially impact an organization's ability to achieve its objectives.
- Risk management starts with identifying potential risks that could affect the organization’s ability to achieve its objectives

- Ensures that an organization adheres to external laws, regulations, guidelines, and internal policies.
- Compliance ensures that the organization is aware of and understands the laws, regulations, and standards applicable to its operations.