Importance of Governance, Risk and Compliance in Business Operations

This article discusses the importance of Governance, Risk and Compliance (GRC) in business operations. It covers the challenges faced by regulatory compliance officers, deficiencies in GRC frameworks, and the need for effective training. It also highlights the roles and responsibilities of compliance officers and provides recommendations for improving GRC practices. The article further addresses the inefficiency in GB's operating base and the importance of investing in information technology for business success.