Financial Compliance Standards

noun GRC stands for Governance, Risk, and Compliance. It is a term used in business to refer to the processes and tools used by organizations to manage and mitigate risks, ensure compliance with regulations, and maintain effective governance.

adjective In some cases, GRC can be used as an adjective to describe something related to governance, risk, or compliance.

• The GRC is responsible for overseeing compliance within the organization.
• I heard the GRC team is cracking down on policy violations.
• The GRC folks are really strict about following the rules.
• The GRC acts as a gatekeeper to ensure everything runs smoothly.