What is GRC?
GRC is a recognized acronym that stands for GOVERNANCE, RISK and COMPLIANCE, and refers to an integrated approach on this 3 areas. In other words, it means how companies (medium and large) decide to run, improve and document their activities, how they recognize and manage risks and how they act to comply with certain standards, laws or methodologies.
Why is GRC important?
Well, if you're a small company, then GRC is not too exciting for you, unless you plan on expanding, having some shareholders and maybe one day get quoted on the stock market. But, even for small companies governance, and risk management (compliance not so much) are interesting topics to at least be aware on.
