In a high mature organization, governance must be viewed and assessed at the enterprise level, developing innovative GRC practices and achieving GRC holism.Enterprise becomes more complex than ever, uncertainties and complexities are a common occurrence in any walk of human progress. GRC are a set of complex processes that, if well executed at the different levels of organizational hierarchy, will lead to decision coherence and business effectiveness. 
The GRC program is a journey, and it’s good to start at the top with risk awareness, appetite, attitude, oversight, etc, to improve business management maturity.
GRC convergence is a priority for their organization, driven by business complexity, interdependence: Corporate GRC discipline can fulfill its purpose as a high-level corporate enabler by providing a structured view and communication bridge between stakeholders, improving decision coherence, enforcing accountability across organizational hierarchy. GRC is not about a single role or reporting structure, as there are separate functions/roles in GRC disciplines and practices. Neither is GRC about lumping them together but allowing different roles to work together in harmony for improving business management
Nowadays, the geographical, functional, industrial territories start blurring, GRC convergence is an idea whose time may have come to streamline information flow, reuse or optimize common processes for improving business agility, effectiveness, and efficiency. Organizational GRC is a set of principles, processes, and practices to rationalize risk management and controls, automate governance, enforce compliance, giving management the information they need to improve business performance. It takes planning, methodologies, technologies, and practices to improve convergence effectiveness. An understanding of the relationship between corporate governance, risk management, compliance, controls, and strategies is fundamental to the successful implementation of GRC convergence.
GRC works best as a system: Every system is like three sides of a con, this side, that side and the integrative relationship between them. One of the important goals of GRC discipline is to improve the corporate decision-making effectiveness and consistency. The key point is to make sure the governance system is defined to establish the boundary and the properties that interact with the environment to improve business management effectiveness, agility, consistency,.
Effective GRC practices can mitigate both systematic and strategic risks on the journey of business growth and transformation. To innovate and implement holistic GRC, it’s important to develop a GRC system of principles, practices and ethics; embed the GRC mechanism in the key business processes; think about how GRC can be delegated and even automated when possible; develop the best and next practices to drive business change and business value the most.
Use the enterprise architecture framework as a base, expanding into a holistic GRC approach: GRC is about improving the maturity of the entire organization, the people, processes, and technology. An effective business architecture is an important governance tool to monitor varying GRC activities such as delegation of authority, auditing, or strategy monitoring, etc, to improve business effectiveness and efficiency. Effective GRC disciplines set various rules and regulations the organization has to comply with in a holistic way. A strong enterprise architecture framework as a knowledge management and communication facilitation tool instills GRC themes into the organizational culture, embeds GRC mechanisms in the key business processes, and enforces GRC practices at daily business activities to improve organizational management.
The purpose of the GRC is to improve business performance through the creation of multifaceted value to varying stakeholders. For an organization embarking on a GRC journey, effective GRC should sustain the transformative change in business. Establish holistic governance across disciplines spanning the entire value chain, build GRC principles for improving strategy management effectiveness, architecture cohesiveness, program portfolio maturity, optimize business performance through the creation of value to varying stakeholders in a coherent way. In a high mature organization, governance must be viewed and assessed at the enterprise level, developing innovative GRC practices and achieving GRC holism.
GRC convergence is a priority for their organization, driven by business complexity, interdependence: Corporate GRC discipline can fulfill its purpose as a high-level corporate enabler by providing a structured view and communication bridge between stakeholders, improving decision coherence, enforcing accountability across organizational hierarchy. GRC is not about a single role or reporting structure, as there are separate functions/roles in GRC disciplines and practices. Neither is GRC about lumping them together but allowing different roles to work together in harmony for improving business management
Nowadays, the geographical, functional, industrial territories start blurring, GRC convergence is an idea whose time may have come to streamline information flow, reuse or optimize common processes for improving business agility, effectiveness, and efficiency. Organizational GRC is a set of principles, processes, and practices to rationalize risk management and controls, automate governance, enforce compliance, giving management the information they need to improve business performance. It takes planning, methodologies, technologies, and practices to improve convergence effectiveness. An understanding of the relationship between corporate governance, risk management, compliance, controls, and strategies is fundamental to the successful implementation of GRC convergence.
GRC works best as a system: Every system is like three sides of a con, this side, that side and the integrative relationship between them. One of the important goals of GRC discipline is to improve the corporate decision-making effectiveness and consistency. The key point is to make sure the governance system is defined to establish the boundary and the properties that interact with the environment to improve business management effectiveness, agility, consistency,.
Effective GRC practices can mitigate both systematic and strategic risks on the journey of business growth and transformation. To innovate and implement holistic GRC, it’s important to develop a GRC system of principles, practices and ethics; embed the GRC mechanism in the key business processes; think about how GRC can be delegated and even automated when possible; develop the best and next practices to drive business change and business value the most.
The purpose of the GRC is to improve business performance through the creation of multifaceted value to varying stakeholders. For an organization embarking on a GRC journey, effective GRC should sustain the transformative change in business. Establish holistic governance across disciplines spanning the entire value chain, build GRC principles for improving strategy management effectiveness, architecture cohesiveness, program portfolio maturity, optimize business performance through the creation of value to varying stakeholders in a coherent way. In a high mature organization, governance must be viewed and assessed at the enterprise level, developing innovative GRC practices and achieving GRC holism.
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