GRC stands for Governance, Risk Management, and Compliance. It is an integrated approach to organizational management that ensures effective oversight, mitigates risks, and meets regulatory and legal requirements. Governance involves the frameworks and processes that ensure organizational activities are aligned with business goals and ethical standards. Risk Management focuses on identifying, assessing, and mitigating risks that could impact the organization’s objectives. Compliance ensures that the organization adheres to laws, regulations, and internal policies. Together, GRC aims to create a cohesive strategy for managing an organization’s overall governance, risk, and compliance efforts, enhancing operational efficiency and accountability.