Governance and Strategy is at the heart of GRC and Principled Performance

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People in Governance, Strategy and Performance Management are a critical component

The governance, strategy and performance disciplines provide a foundation to define and measure strategies, tactics and progress toward objectives.

Integrating strategy into an overall GRC capability ensures that activities are aligned with risk management, Governance management, legal, finance, IT and culture; and that they are audit-ready.

Goals of Governance & Strategy

The goals of governance and strategic management, include:

"Arm's length" direction and control of the organization via the board or some other governing authority
Direct control and operation of the organization via management
Keeping the organization on track and within established boundaries
Managing performance, against a plan, while informing all governing bodies

Governance and Strategy at the center of GRC

The role of Governance and Strategy in GRC is more than just the "G" in the acronym.

It is essential that those with governance responsibility and strategy responsibilities shape the current and future strategy of the organization.

Ideally these individuals should work together to decide how both governing and management actions and controls are factored into how the organization is designed to reduce the burden on business operators.

Role of Others in Governance and Strategy

Other GRC disciplines play a role in Governance and Strategy.

It is essential that people who are not specifically charged with governance and strategy also understand what their colleagues who work in governance and strategy positions actually need.

This includes knowledge about: