Frequently Asked Questions

What is corporate governance?

Corporate Governance has been defined as the mechanism involved in directing and overseeing company management, including process, structure, and related information. Governance also encompasses the means by which members of the board of directors and senior management are held accountable for their actions and for implementing the oversight functions and processes. Read more...

What is enterprise risk management?

Enterprise risk management deals with the risks and opportunities that affect value creation. In short, it involves the development of a risk management system that is designed to identify potential events which could adversely affect the organization, and to devise enterprise-wide risk management strategies that provide reasonable assurance that the organization’s objectives can be achieved in spite of these risks. Read more...

What is Governance, Risk Management and Compliance (GRC)?

Governance, Risk Management and Compliance (“GRC”) are the principle drivers of organizational compliance, accountability and transparency. Companies must be able to update internal policies and procedures as changes in regulation or governance practices occur. Failure to do so exposes the company to investigations, fines, reputational risk and possible lawsuits. Read more...

What is Legislative Compliance Management (LCM)?

Legislative Compliance Management (LCM) is the set of key controls through which an organization manages legal and regulatory risk and ensures compliance with its internal policies and procedures. An effective CM process will provide the means by which the company satisfies itself that it is in compliance with laws and regulations affecting its business in all jurisdictions where it is operating. Read more...

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