The span of a Governance, Risk and Compliance process includes three elements\r
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Governance is the oversight role and the process by which companies manage and mitigate business risks\r
Risk management enables an organization to evaluate all relevant business and regulatory risks and controls and monitor mitigation actions in a structured manner\r
Compliance ensures that an organization has the processes and internal controls to meet the requirements imposed by governmental bodies, regulators, industry mandates or internal policies.
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