Governance, Risk Management and Compliance - GRC
- An integrated approach used by corporations to act in accordance with the guidelines set for each category. Governance, risk management and compliance (GRC) is not a single activity, but rather a firm-wide approach to acheiving high standards in all three overlapping categories.
GRC is a relatively new term, as goverance, risk mangement and compliance are all considered "new" categories of business management. While it may be difficult to assign a specific definition to GRC, since it can mean many different things to many different businesses, it is generally accepted that GRC is an approach taken by firms to ensure they act in accordance with the self-imposed guidelines set for each category.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Risk management — For non business risks, see risk, and the disambiguation page risk analysis Example of risk management: A NASA model showing areas at high risk from impact for the International Space Station. Risk management is the identification, assessment,… … Wikipedia
Enterprise risk management — In business, enterprise risk management (ERM) includes the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives. ERM provides a framework for risk management, which… … Wikipedia
Operational risk management — See also: Risk management The term Operational Risk Management (ORM) is defined as a continual cyclic process which includes risk assessment, risk decision making, and implementation of risk controls, which results in acceptance, mitigation, or… … Wikipedia
Compliance — can mean: In mechanical science, the inverse of stiffness Compliance (medicine), a patient s (or doctor s) adherence to a recommended course of treatment Compliance (physiology), the tendency of a hollow organ to resist recoil toward its original … Wikipedia
D3 Security Management Systems — D3 Security Management Systems, Inc. Type Private Industry Software; Software as a service; Security management; Governance, risk management, and compliance Genre Software development Founded 2002 Founder(s … Wikipedia
Information technology governance — Information Technology Governance, IT Governance or ICT (Information Communications Technology) Governance, is a subset discipline of Corporate Governance focused on information technology (IT) systems and their performance and risk management.… … Wikipedia
Corporate Governance — (deutsch: Grundsätze der Unternehmensführung) bezeichnet den Ordnungsrahmen für die Leitung und Überwachung von Unternehmen. Der Ordnungsrahmen wird maßgeblich durch Gesetzgeber und Eigentümer bestimmt. Die konkrete Ausgestaltung obliegt dem… … Deutsch Wikipedia
Emergency management — Accident preparedness redirects here. For Safety related articles, see Safety. Disaster preparedness redirects here. For other articles related to disaster preparedness, see Category:Disaster preparedness. Emergency management is the generic name … Wikipedia
Corporate governance — Not to be confused with corporate statism, a corporate approach to government rather than the government of a corporation Corporate governance is a number of processes, customs, policies, laws, and institutions which have impact on the way a… … Wikipedia
Dodd–Frank Wall Street Reform and Consumer Protection Act — Full title An Act to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end too big to fail , to protect the American taxpayer by ending bailouts, to protect consumers… … Wikipedia
Data governance — is an emerging discipline with an evolving definition. The discipline embodies a convergence of data quality, data management, data policies, business process management, and risk management surrounding the handling of data in an organization.… … Wikipedia