Governance Risk and Compliance
Governance, Risk Management, and Compliance (GRC) are the three pillars which assure that a company reaches its goals. Collectively their purpose is to synchronize the information and execute in a way which is far more efficient, effective and profitable for the company. While it may vary from company to company but GRC typically comprises of corporate governance, enterprise risk management (ERM) and corporate compliance with applicable laws and regulations.
According to a recent note from Gartner, “For Sarbanes-Oxley, we put the burden on a global Bank at about 0.2 percent to 0.4 percent on EBITDA. So if the Securities and Exchange Commission is one of 370 regulators for a global bank – to approach each regulatory program individually would eat up all the profits. Lots of companies have separate compliance programs for every regulatory regime. As regulatory regimes proliferate, a comprehensive compliance program keeps regulations from depressing earnings”. Hence, we at Trans-Globe Advisors help you align and incorporate governance and management, with an assurance of great performance, lower risks and compliance. We follow an integrated GRC approach enabling company to integrate and streamline discrete compliance initiatives and reducing the cost.