The business value of GRC is to provide business leaders with intelligence to ensure that the organization is reaping the rewards of investments in their Risk and Compliance initiatives as directed and planned.
So a GRC team is literally receiving its directives from the executive management, collecting relevant data from the Risk and Compliance capabilities (in place) and initiatives (in motion), and rolling it back up to the executive branch, highlighting status, performance, issues, and opportunities for review and action.
The function of GRC, if strategically placed, aligned, and managed within an organization, allows the executive leadership to make data-driven decisions with agility and at the pace of business.
About the Author:
Faisal Ansari is a senior executive, a keynote speaker, and most importantly, an experienced practitioner in the domains of Information Privacy, Enterprise Risk, Cybersecurity, and Compliance. Having served global clients across a wide spectrum of industries, Mr. Ansari has also contributed to authorship of several international standards and frameworks from ISO, ISACA, and NIST.
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