Grc governance, risk management & compliance

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Grc governance, risk management & compliance

  1. 1. GRC- GOVERNANCE, RISK MANAGEMENT & COMPLIANCE<br />HR GLOBE CONSULTINGwww.hrglobeconsulting.com<br />
  2. 2. INTRODUCTION <br />GRC : an integrated approach , aligned to <br /> - Avoid gaps.<br /> - wasteful overlaps.<br /> - Conflicts in organizations.<br />Widely adopted and required in organizations today.<br />Cases where in it is not followed leads to –<br /> E.g.- Satyam Computers Fiasco!<br />
  3. 3.
  4. 4. RISK MANAGEMENT<br />Works upon analyzing the risks which can impact organizations to reach its objectives.<br />Risks can come from<br /><ul><li>uncertain financial markets.
  5. 5. Project failures.
  6. 6. Natural causes and disasters.
  7. 7. Legal liabilities.
  8. 8. Credit risk.</li></li></ul><li>PRINCIPLES OF RISK MANAGEMENT<br />
  9. 9. <ul><li>Overall management approach used by senior executives to control & direct organization.
  10. 10. Focus lies on appropriate management decision making.
  11. 11. To ensure strategies , directions & instructions are followed systematically.</li></li></ul><li>Need of corporate governance<br /><ul><li>Good Corporate Governance plays a vital role in integrity </li></ul> & efficiency of financial markets.<br /><ul><li> If poor, it weakens company’s potential & opens doors to </li></ul> frauds.<br /><ul><li>Better Governance , helps in out performing.
  12. 12. Helps in creating an edge over competitors.</li></li></ul><li>CORPORATE COMPLIANCE<br />Rotates around confirming stated rules.<br />Interest in this was sparked by SOX i.e Sarbanes Oxley act.<br />It is responsibility of employers and employees equally.<br />Open line of communication between compliance officer & employees is critical to successful operations.<br />
  13. 13. WHAT IF NO GRC??<br />
  14. 14. CONCLUSION<br /> The effective Corporate governance, risk management and corporate compliance –<br /><ul><li>Attracts investments.
  15. 15. Helps keeping the companies directed & controlled.
  16. 16. Ensures accountable, transparent & fair relationship in the organization.
  17. 17. Improves operational performance.
  18. 18. Gives better access to capital.
  19. 19. It gives higher firm valuation.
  20. 20. It improves sustainability.</li></li></ul><li>THANK YOU<br />HR GLOBE CONSULTINGwww.hrglobeconsulting.com<br />

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