Avoiding Death by Governance: Taking the Governance, Risk and Compliance Frameworks to the next level
John Cowell, General Counsel & Company Secretary, Healthdirect Australia, Australia
Contemporary governance, risk and compliance (GRC) principles advocate the shift from a silo approach to managing governance, risk and compliance to better rationalize the direct relationship between a particular risk, the adequacy of controls to protect against that risk, and the level of compliance to those controls. The premise being that by engineering a closer relationship between governance, risk and compliance, the effectiveness of those management functions will increase at both a divisional and group level.
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