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Compliance Officers Playbook

Risk Culture: Why It’s the Foundation of GRC Success

31 Dec 2024

Description

This podcast episode outlines the crucial role of risk culture in achieving successful governance, risk, and compliance (GRC). It defines risk culture, explaining its characteristics and challenges, and emphasises its impact on GRC frameworks. The script details how a strong risk culture, fostered through leadership commitment, improved communication, and consistent measurement, leads to better GRC outcomes, while a weak culture results in significant risks. Finally, it provides actionable advice for listeners to assess and improve their organisation's risk culture.

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