Why GRC Should be GRC

What GRC Should BE

Traditionally, GRC activities were centered around integrating the siloed functions of Governance, Risk, and Compliance (GRC).

While this is necessary, it is based on an old model where meeting obligations (the act of compliance) is a checkbox activity reinforced by audits.

Similarly, risk management was building risk registers and heat maps, and governance was providing oversight of objectives completed in the past.

All this to say:

This was all reactive, misaligned, and focused on activity not outcomes.

However, when you start with an integrative, holistic, and proactive approach to meeting obligations, a different model emerges where the bywords are: Govern, Regulate, and Ensure (GRE).

These are essential capabilities that, when working together, improve the probability of success by governing, regulating, and ensuring the ends and the means in the presence of uncertainty.

There is no need to integrate disparate functions, as these are already present in their proactive, integrative, and holistic form to deliver the outcome of mission success.

If you're interested in learning more about transforming reactive GRC functions into proactive GRE capabilities, explore The Total Value Advantage Program™