Governance

In the context of Governance, Risk Management, and Compliance (GRC) and cybersecurity, governance refers to the framework and processes ensuring an organization’s activities align with its objectives, legal requirements, and ethical standards. This involves establishing policies, standards, processes, and procedures that guide decision-making and operations. Specifically, policies define the organization’s intentions and direction, while standards provide specific criteria for consistency. Additionally, processes and procedures ensure systematic actions, and procedures offer detailed instructions. Additional areas in governance include roles and responsibilities, oversight, organizational structure, and culture. Together, these elements support governance by protecting assets, mitigating risks, and ensuring compliance.