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Governance, Risk & Compliance 0 0 Corporate, GRC, Governance, Risk, Compliance
GRC
Difference between revisions of "GRC"
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[[File:GRC.png|thumb|{{this}} management processes]]{{this}} is a [[:Category:Term|Term]] describing the policies and procedures related to corporate governance, risk management and regulatory compliance. {{this}} recognizes 7 management process areas: | [[File:GRC.png|thumb|{{this}} management processes]]{{this}} is a [[:Category:Term|Term]] describing the policies and procedures related to corporate governance, risk management and regulatory compliance. {{this}} recognizes 7 management process areas: | ||
| − | # [[GRC1|Strategy Management]] | + | # [[t:GRC1|Strategy Management]] |
| − | # [[GRC2|Policy and Procedure Management]] | + | # [[t:GRC2|Policy and Procedure Management]] |
| − | # [[GRC3|Business Process Management]] | + | # [[t:GRC3|Business Process Management]] |
| − | # [[GRC4|Performance Management]] | + | # [[t:GRC4|Performance Management]] |
| − | # [[GRC5|Risk Management]] | + | # [[t:GRC5|Risk Management]] |
| − | # [[GRC6|Controls Management]] | + | # [[t:GRC6|Controls Management]] |
| − | # [[GRC7|Audit Management]] | + | # [[t:GRC7|Audit Management]] |
These management processes typically also exist within other domains to support the domain specific requirements. [[t:SCRM]] addresses the specific risks associated with operating supply chains. | These management processes typically also exist within other domains to support the domain specific requirements. [[t:SCRM]] addresses the specific risks associated with operating supply chains. | ||
====Use Cases==== | ====Use Cases==== | ||
| − | * [[Link::t: | + | * [[Link::t:GRC3|Business Process Management]] |
| − | * [[Link::t: | + | * [[Link::t:GRC4|Performance Management]] |
* [[Link:t:SCPM|Supply Chain Performance Management]] | * [[Link:t:SCPM|Supply Chain Performance Management]] | ||
* [[Link::t:SOX]] (Policies & Procedures) | * [[Link::t:SOX]] (Policies & Procedures) | ||
Revision as of 02:51, 26 September 2020
Governance, Risk & Compliance is a Term describing the policies and procedures related to corporate governance, risk management and regulatory compliance. Governance, Risk & Compliance recognizes 7 management process areas:
These management processes typically also exist within other domains to support the domain specific requirements. Supply Chain Risk Management addresses the specific risks associated with operating supply chains.
Use Cases
- GRC3
- GRC4
- Supply Chain Performance Management
- Sarbanes-Oxley Act of 2002 (Policies & Procedures)
- Segregation of Duties (Controls)
- Supply Chain Risk Management
Hierarchy
| ID | Name | Level | x |
|---|---|---|---|
| GRC | Governance, Risk & Compliance | 1 | GRC |
| GRC1 | Strategy Management | 2 | GRC1 |
| GRC2 | Policy and Procedure Management | 2 | GRC2 |
| GRC3 | Business Process Management | 2 | GRC3 |
| GRC4 | Performance Management | 2 | GRC4 |
| GRC5 | Risk Management | 2 | GRC5 |
| GRC6 | Controls Management | 2 | GRC6 |
| GRC7 | Audit Management | 2 | GRC7 |
Term(s)
| ID | Name | Clear | x |
|---|---|---|---|
| GRC3 | Business Process Management | GRC3 | |
| SOX302 | Corporate Responsibility for Financial Reports (SOX 302) | SOX302 | |
| ESG | Environmental, Social, and Corporate Governance | ESG | |
| SOX404 | Management Assessment Of Internal Controls (SOX 404) | SOX404 | |
| GRC4 | Performance Management | GRC4 | |
| SOX | Sarbanes-Oxley Act of 2002 | SOX | |
| SOD | Segregation of Duties | SOD | |
| SCRM | Supply Chain Risk Management | SCRM |