Governance, Risk and Compliance, or GRC for short, refers to a company’s coordinated strategy for managing the broad issues of corporate governance, enterprise risk management (ERM) and corporate compliance with regard to regulatory requirements.
In the business world, risk management is the process of identification, analysis and acceptance or mitigation of uncertainty in a decision making. Learn more in this article.
Every business faces risks that could present threats to its success. In this Month until June, we will tackle all about Risk Management.