The Complete Guide to Governance Risk and Compliance
This is an analogy for a company that does not have GRC. It may be that you get far, as it may be that your trip is interrupted at the first corner by some obstacle for which it was not properly prepared. So that we are not harmed by any obstacles that come our way during a trip, we must have planned, and that is where governance risk and compliance comes in. This set of concepts refers to an effort on the part of the company to the unification and transparency of its processes. The goal is to ensure that all policies and control are functioning in an integrated way across all three areas, thereby ensuring a reduction in threats and potentialisation of opportunities.
The professionals responsible for GRC must work in support of the company's management in the search for alignment of the strategic objectives and goals of the business together with the best requirements, practices and international norms of governance, risk, and compliance. With an increasingly competitive market that suffers direct interference from globalization, more demanding customers and the emergence of different regulatory standards, it has become necessary for companies to create and maintain a GRC department within their structure. The first item within a GRC strategy is governance. We can conceptualize this term as a strategy driven by companies to seek alignment between their market objectives and their policies of IT asset maintenance and IT security.
In the search to align these two departments, information technology professionals adopt routines focused entirely on operational quality, aiming to help all employees to use systems with higher performance. Another point to be sought is the reduction of vulnerabilities in the technologies chosen for deployment in the company, thus avoiding the possibility of the appearance of threats. The goal of governance is to transform the IT sector not only into a support department but into the provider of strategic tools to achieve the goals set for the company. In doing so, the area manager must align his or her policies with the rest of the managers in other departments and thereby improve their view of the demands they make. Thus, the company's digital assets can directly contribute to improving business results, increasing competitiveness.
As you can see, it is virtually impossible to speak of one of the three areas that make up GRC without mentioning another. This is because all of them are really interconnected, and so there is the importance of creating integration policies. As each of these three areas is always invading the other's jurisdiction, the idea is to build a strategy to integrate their actions and avoid duplicate attitudes and processes. In this way, we can ensure that all activities carried out by each of the GRC's areas are unique, effective and efficient, maintaining synchronicity between each action taken. The Government risk and compliance are fundamental so that a company can maintain itself in the market of active form and developing itself naturally, avoiding risks and being in conformity with everything that is expected of her.
