Managing Partner, Infotech Risks, Salman Akorede
For an organization to cut its each day exposure to risks, an efficient software of the Goverce for Risk Compliance (GRC) normal has been proffered.
As acknowledged by Infotech Risks Security Limited, a promoter of GRC in Nigeria, it famous that the usual was vital in attaining aims and targets in organizations.
Managing Partner, Infotech Risks, Salman Akorede, defined that GRC helps to obtain aims with lowered threat whereas working throughout the set down legal guidelines of management by authorities.
Commenting on the genesis of GRC, Akorede famous that it's a part of the usual of the Open Compliance and Ethics Group (OCEG). OCEG, which has over 7000 members, is an international non-profit assume tank that served to inform, empower and advance its members on governance, threat administration and compliance.
“One of the major challenges facing companies is the absence of a strong GRC framework that serves to support reliable achievement of organizational objectives with a risk focus while acting with integrity. This is especially so in the face of ever-increasing uncertainties, laws, multiplying regulations, industry standards and more. GRC is the solution to this challenge. Principled performance is a GRC mechanism that helps you reliably achieve your objectives, address uncertainties, while acting with integrity,” he acknowledged.
To this finish, he disclosed that Infotech Risks has put up workshops in three totally different places throughout Nigeria. He mentioned the Lagos version would maintain between May 21 and 25, whereas Port Harcourt holds from June four to eight, and Abuja between July 9 and 13. He added, “forward looking organizations must adopt a GRC capability model that integrates the various sub-disciplines of governance, risk, audit, compliance, ethics/culture and IT into unified framework.”
As acknowledged by him, the OCEG GRC is geared in the direction of positioning collaborating organization and people professionals for international aggressive benefit.
He mentioned the GRC additionally helps to improve worth by improved monetary and working controls, speed up reporting for extra fast decision-making and enterprise enchancment in addition to construction the method of the general public service in the direction of focused targets.
“It would make employers effective, and create more opportunities and creating expansion giving room for more employment. It is also a human resource capacity building initiative, train the human to get the benefit of technology,” he mentioned.
He concluded that GRC would assist enhance revenue with restricted risks inside integrity, which is able to in flip, translate to the society.