Governance risk _ is that the ability to exercise effective control over a foreign subsidiary within a country's legal and political environment.
<h3>What is the meaning of governance risk?</h3>
Governance, Risk, and Compliance (GRC) may be a structured way to align IT with business goals while managing risks and meeting all industry and government regulations. It includes tools and processes to unify an organization's governance and risk management with its technological innovation and adoption.
Why is risk governance important?
They can identify and treat enterprise vulnerabilities that would otherwise have an adverse impact on the achievement of strategic objectives. Risk governance plays a key role in helping businesses establish a foundation for proactive risk management.
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