GRC is an integrated approach to governance, risk management, and compliance that aims to avoid gaps and overlaps. It is widely adopted by organizations to help manage risks from markets, projects, natural disasters, and legal issues. The principles of risk management involve senior executive oversight of appropriate decision making and systematic following of strategies. Corporate governance plays a vital role in integrity and efficiency by helping companies outperform competitors and reducing the risk of fraud. Corporate compliance focuses on adhering to stated rules and relies on open communication between compliance officers and employees. Implementing an effective GRC framework attracts investment, ensures accountability, and improves performance, access to capital, and sustainability.

1. GRC- GOVERNANCE, RISK MANAGEMENT & COMPLIANCEHR GLOBE CONSULTINGwww.hrglobeconsulting.com

2. INTRODUCTION GRC : an integrated approach , aligned to - Avoid gaps. - wasteful overlaps. - Conflicts in organizations.Widely adopted and required in organizations today.Cases where in it is not followed leads to – E.g.- Satyam Computers Fiasco!

4. RISK MANAGEMENTWorks upon analyzing the risks which can impact organizations to reach its objectives.Risks can come fromuncertain financial markets.

5. Project failures.

6. Natural causes and disasters.

7. Legal liabilities.

8. Credit risk.PRINCIPLES OF RISK MANAGEMENT

9. Overall management approach used by senior executives to control & direct organization.

10. Focus lies on appropriate management decision making.

11. To ensure strategies , directions & instructions are followed systematically.Need of corporate governanceGood Corporate Governance plays a vital role in integrity & efficiency of financial markets. If poor, it weakens company’s potential & opens doors to frauds.Better Governance , helps in out performing.