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:

  • Governance concepts and frameworks
  • Strategic and performance management concepts and frameworks
  • How to balance governing actions with management actions

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

Get a 100-page guide that spells out (almost) everything you need to know about governance and strategy

Get the Ultimate Guide to Governance and Strategy

Putting Principles into Practice is what we do

Behind the big ideas of Principled Performance and GRC, we have hundreds of resources, standards, and certifications to upgrade your skills.