What is the Role of Risk Management in Compliance?

What is the Role of Risk Management in Compliance?

There is a potent argument in the statement that the moment you decide to do business, you take the risk. For businesses, taking risks is not an option, it is a necessity. This necessity is enhanced manifold as the enterprise expands in scope, both business-wise and geography-wise. For example, the moment you step beyond your...

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How Governance, Risk, and Compliance are 3 pillars of Business

How Governance, Risk, and Compliance are 3 pillars of Business

In modern times, the world of business is not limited to just offering products and services in return for money. It encompasses paying heed to stakeholders’ expectations, clear communication, protecting the business from severe fluctuations, and keeping abreast of all laws that apply to it. Factors related to GRC (Governance, Risk, and Compliance) have moved...

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What are the regulations for Compliance for MSMEs?

What are the regulations for Compliance for MSMEs?

The MSME (Micro, Small, and Medium Enterprises) sector has received a lot of attention in the past few years. Given the importance of small businesses to an economy, the diversity they provide, and the employment they generate, the attention is justified. Many would argue that MSMEs form the backbone of an economy. They help people...

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Risk Management and Compliance – When does COMPLIANCE iNBOX help?

Risk Management and Compliance – When does COMPLIANCE iNBOX help?

Risk and Compliance Management have a symbiotic relationship – both tend to foster each other. Good Risk Management practices feed directly into a business being more compliant while Compliance Management ensures that organizational risks are reduced. The combination of the two results in the good governance of a business. While both practices play a crucial...

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