In the dynamic and complex regulatory environment of 2024, effective Governance, Risk Management, and Compliance (GRC) frameworks are crucial for navigating the emerging challenges and opportunities that organizations face.
The emphasis this year is on several pivotal areas: the impact of Artificial Intelligence (AI) on regulatory and ethical frameworks, increased demands for data privacy and protection, and the expanding scope of Environmental, Social, and Governance (ESG) criteria.
Each of these areas presents distinct challenges and opportunities for GRC professionals. For example, as AI continues to integrate into various business operations, managing its governance becomes a central concern, necessitating new strategies to manage associated risks and ensure ethical use.
This report presents the key trends in GRC for 2024, highlighting the dual need to adapt to rapidly changing regulations while maintaining the highest standards of ethical conduct across industries.
