Governance, Risk and Compliance (GRC) is a company strategy for managing the broad issues of corporate governance, management and assurance of performance and risk, and company compliance activities with regard to regulatory requirements. The critical capabilities of GRC (governance, risk, and compliance) must be worked together and integrated to achieve the objectives. A GRC was defined by the first scholarly research in 2007 as “the integrated collection of capabilities that enable an organisation to reliably achieve objectives, address uncertainty and act with integrity”.
Related Definitions in the Project: The Risk Management
