Governance Risk and Compliance
/ˈɡʌvərnəns rɪsk ənd kəmˈplaɪəns/
Definitions
- (n.) A strategic framework integrating governance, risk management, and compliance to ensure organizational accountability and adherence to legal and regulatory requirements.
Effective governance risk and compliance programs help prevent corporate misconduct and legal penalties.
Forms
- governance risk and compliance
Related terms
See also
Commentary
Governance Risk and Compliance (GRC) is often treated as an integrated discipline to align policies and processes with legal obligations and risk appetite, enhancing organizational oversight.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.