Data Management

IT Governance, Risk, and Compliance (IT GRC): An Organizational Imperative - What It Is, and Why You Should Know

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Executive Summary

Regulatory mandates, emergence of new forms of risk, and a growing stakeholder focus on managing them are the principal drivers pressuring organizations to adopt IT Governance, Risk, and Compliance (IT GRC) strategies. Research shows that the key to success is introduction of a coherent system with a governance structure that spans all related procedures and gives priority to strengthening the entire control environment. Managing risk and controls is essential across all industries, including nonprofit and government sectors. Organizations with a successful track record have taken a proactive stance and view IT GRC as a business imperative that enhances a company's competitive advantage. Effective programs reflect a commitment within organization and are the outcome of a culture established by senior management and board level directors.

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