Strong governance, risk, and compliance (GRC) processes are essential to the business. The ramifications of a failed GRC strategy can be devastating. Despite this recognition, there is a wide spectrum of effort that companies put into GRC — some companies are putting heavy priority on GRC, while others are doing it only because they feel they have to.
Delivering effective GRC comes with several challenges. Whether it’s a lack of expertise, of proper tools, or agility, all companies could benefit from having improved GRC practices. However, knowing what improvements are needed first requires an understanding of the value that improved GRC capabilities can bring to their business.
Read the Snapshot for key insights into delivering effective GRC.