GRC Framework
A GRC framework is often delivered as a document and filed. What makes it work is a set of connections between things you already hold.
- Obligation to control. Every obligation names the control that meets it. Obligations without one are your real gap list.
- Control to owner. A named person, not a department.
- Control to evidence. The record produced when it operates. If a control produces nothing, you cannot show it ran.
- Risk to control. Which treatment reduces which risk, and by how much.
- Incident back to control. When something happens, which control failed.
That last link is the one most frameworks leave out, and it is the only one that tells you whether the rest of the framework is doing anything. A control that has never been tested by a real incident is an assumption, not a control.
Safe Work Australia covers the WHS duties this has to carry. This is general information rather than legal advice.
See Sentrient’s GRC system and risk management system.
5 Common Governance Risk And Compliance Challenges, And How To Overcome Them
Quick Answer: The five governance risk and compliance challenges that persist in Australian organisations are unclear ownership of the GRC process, no single framework, keeping pace with regulatory change, manual processes that cannot produce evidence, and a gap between stated culture and actual behaviour. None is a technology problem at root. Each is a decision […]
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