Governance, Risk and Compliance: 4 Key Drivers

Submitted on 7th September 2017

Making the business case for an integrated and truly pervasive governance, risk and compliance (GRC) solution can be daunting. GRC is evolving, and putting accurate numbers around a moving target is no easy task. What's more, calculating the real financial and reputational cost of preventing an incident remains elusive. Consequently, making a compelling argument for GRC often requires either a crisis or a damaging incident. This article breaks down the four components that should be driving your organization's GRC cost-benefit analysis. While these benefits are qualitative, the adoption of a GRC program will help an organization quantify them.

Global Association of Risk Professionals
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Brenda Boultwood
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