What is GRC?

Governance, Risk, and Compliance are fully independent areas of expertise, designed to empower an organization to consistently attain its goals, manage uncertainty and uphold integrity – all in pursuit of principled performance.

Why Haven't I Heard of GRC?

It’s possible you haven’t heard much about GRC due to its evolving nature and the unique market dynamics.

In Saudi Arabia, the GRC market is rapidly developing as businesses seek to enhance their risk management capabilities, strengthen governance structures, and ensure compliance with evolving regulations. With the Kingdom’s Vision 2030 driving economic diversification and growth, there’s a growing emphasis on transparency, accountability, and good governance across industries.

Moreover, the Saudi government’s initiatives to improve regulatory frameworks and promote corporate governance are fueling the demand for GRC solutions and services. Organizations in Saudi Arabia are realizing the strategic value of GRC in driving operational efficiency, minimizing risks, and enhancing stakeholder trust.

Why GRC?

Over $1 trillion USD is lost each year due to operational gaps & inefficiencies, mistakes & errors, and corporate fraud & misconduct.*

GRC helps create and maintain company value, achieve key performance objectives, manage uncertainty, and ensure actions are taken with integrity.

Forward Thinking, High Performance companies use GRC to:

  • Reduce costs
  • Reduce errors and omissions
  • Reduce risks
  • Achieve better efficiency
  • Achieve performance objectives
  • Achieve operational integrity
Does my organization need GRC?
Absolutely! Governance, Risk, and Compliance are indispensable pillars for any organization aiming to thrive in today's dynamic business landscape. GRC provides a holistic framework that not only ensures compliance but also fosters strategic alignment, risk mitigation, and ethical conduct. By implementing robust GRC practices, your organization can effectively navigate complexities, anticipate challenges, and seize opportunities with confidence. Embracing GRC elevates performance, fosters resilience and builds a foundation for long-term success.
Who is involved in GRC?
CRC involves the entire company, from board of directors down to the front lines of the business and everyone in between. It also includes the operations of all company departments including governance, risk, compliance, strategy, security, audit, finance, legal, IT, HR, marketing, sales, supply chain, HSEQ, procurement and more.
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