While reading the book “Managing the Risk of Fraud and Misconduct: Meeting the Challenges of a Global, Regulated and Digital Environment” (McGraw-Hill, 2011), I came across an official rundown of what an effective governance, risk management and compliance (GRC) framework should accomplish, according to co-authors Timothy Hedley and Richard Girgenti:
Protect and enhance business value [...]
Source: http://bigfatfinanceblog.com/2011/04/15/four-objectives-for-effective-grc/
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