GRC Strategy
A GRC strategy and a GRC framework get used interchangeably, and organisations that conflate them end up buying machinery with no destination.
The framework is the machinery. Registers, controls, owners, evidence, reporting lines.
The strategy is the set of decisions about what you are trying to achieve and what you are willing to trade. How much risk the board will accept in each area. Whether you are aiming at defensibility, at speed, or at reducing cost. Which obligations are existential and which are administrative. What you will deliberately not do.
Without those decisions, every risk looks equally important and every control gets built to the same standard. That is how GRC programmes become expensive and slow while the serious exposures stay open.
Write the strategy first, in a page. Safe Work Australia covers officer duties. This is general information rather than legal advice.
See Sentrient’s GRC system and free GRC webinar for HR leaders.
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