The first of three articles in a series: Optimizing governance, risk and compliance programs
The value of an effective GRC program lies in an integrated approach of risk and control with accurate and timely communication of risk information to the decision makers. Risk functions are more effective if they share information and follow consistent processes that allow them to identify risks and opportunities at a pace matching changes in the market and stakeholder expectations. The value of a GRC program cannot be fully realized unless a shared vision for risk management and compliance is driven by the business.
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