VComply Editorial Team
GRC or IRM

What is the difference between GRC and Integrated Risk Management?

Since the beginning of business whether they knew it or not organizations have always been analyzing risk and implementing mitigation procedures. It wasn’t until 2002 when Michael Rasmussen and OCEG finally defined the field of risk management and coined the term GRC (governance, risk, and compliance). The concept was revolutionary, in a time when the world of business was becoming ever-more complex the field of thought known as GRC outlined and defined the interconnectivity of common areas of risk and established methods of prevention.
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Policy management in ESG

Why Policy Management is the Infrastructure of ESG

ESG is an attempt to analyze the most important elements of an organization and how policies are regulated and applied. Organizations should address environmental, social and governance (ESG) practices and reporting within their framework. Originally designed to better approach the most sustainable realms of investment, ESG has evolved into a ubiquitous public discussion that greatly impacts the business ecosystem.
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How to establish Third Party Risk Management Policies

Establishing Effective Third Party Risk Management (TPRM) Policies

Third-party relations have become a critical aspect of any business operation as the list of tools and skills required to conduct business has become quite lengthy. Organizations now rely on a network of third parties that can be outsourced. While outsourcing specific tasks can save time and be more financially feasible, it does come with its own set of risks. Outsourcing various operations leave the organization vulnerable to risks without any oversight and an effective policy management framework in place with clearly defined procedures.
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