Governance, Risk Management, and Compliance (GRC) in higher education presents unique challenges due to the complex, dynamic, and highly regulated environments in which they operate. Crafting a coherent strategy, adopting streamlined processes, and leveraging appropriate GRC technology are paramount to charting a successful risk and compliance course that maintains an institution’s integrity, reputation, and resources.
Challenges of GRC in Higher Education
Higher education institutions often cross multiple frameworks and their governance structures are complex, leading to specific struggles when implementing an effective GRC strategy. To effectively maintain a sense of order, transparency, and a level of practical accountability within the scope of GRC, the following challenges must first be addressed . . .
[The rest of this blog can be read on the TruOps blog, where GRC 20/20’s Michael Rasmussen is a guest author]