A broader, more structured approach is needed to effectively manage governance, risk management, and compliance (GRC). Enterprises will then be better able to guide their people, standardize their processes, and unify technology to embed GRC at all organizational levels.
regulatory compliance partners company profile
company's tolerance for risk. Regulatory risk is the risk of being found out of compliance, and if a company accepts very limited risk, its cost of compliance will logically be high. Conversely, with more risk allowed, compliance cost is reduced, but the potential cost of noncompliance increases. Executive management, therefore, has the responsibility of setting the organization's risk tolerance and of allocating the required resources to satisfy that tolerance. A compliance team (for example, from the