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With today’s intense regulatory focus, it is critical that companies adopt leading practices to impart a governance, risk and compliance (GRC) culture and protect what matters most: their reputation and value. The concept of a GRC culture is not a new one. It’s been mentioned by regulators and flagged as a significant factor considered in enforcement actions
Many organisations find it challenging to build a sound GRC culture — one that can withstand regulatory scrutiny while addressing the connection between company values, behaviour and decision-making. This is a business imperative that grows more critical by the day to safeguard an organisation’s reputation, preserve employee morale, and ultimately protect business value.