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Compliance Officers Playbook

The Importance of GRC to Your Organisations

27 Dec 2024

Description

This podcast episode explains the importance of Governance, Risk, and Compliance (GRC) for organisations. It highlights GRC's three core components – governance, risk management, and compliance – and how they work together. The episode stresses the increasing complexity of the business environment, driven by regulatory pressures, cybersecurity threats, stakeholder expectations, and globalisation, making a robust GRC framework crucial. Implementing GRC offers benefits such as risk mitigation, improved decision-making, enhanced compliance, and fostering a culture of ethical conduct, ultimately leading to long-term organisational success and resilience.

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