Governance, Risk & Compliance: What it Is. How It Works.

Governance, risk and compliance (GRC) is a concept that has gained wide acceptance in the commercial sector. To date, it is less accepted in the federal sector. However, GRC can provide numerous benefits to federal agencies. It can enable management to streamline business processes, eliminate activities that don’t add value, and cut compliance costs by reducing duplicative controls. GRC can also help drive better performance while improving mission and service delivery. Our guest, Bill Hughes, Managing Director at Morgan Franklin discusses the opportunities and challenges of GRC in the federal government, what the future of GRC is in the public sector, and the difference between GRC and Enterprise Risk Management.