In today's ever-changing and interconnected business landscape, organizations face a multitude of challenges that demand effective and sustainable practices for ensuring stability, security, and ethical conduct. The book titled "Fundamentals of Governance, Risk Management, and Compliance (GRC)" explores the critical aspects of GRC, providing a comprehensive understanding of the principles, frameworks, and strategies that underpin successful corporate governance, risk management, and compliance in the modern world. In today’s competitive business environment, having a robust GRC framework is not just a regulatory obligation but also a strategic imperative. The book's chapters are meticulously structured to explore the core components of GRC, addressing the interplay between governance, risk management, and compliance functions. The governance aspect explains the decision-making process. Risk management covers the possible risks and how to mitigate them. It highlights the significance of risk appetite, scenario planning, and effective risk communication to manage uncertainties proactively. The compliance aspect explores the web of regulatory requirements and legal obligations the organizations have to comply with. The book emphasizes the need for integration between governance, risk management, and compliance functions, ensuring a cohesive approach that maximizes efficiency and effectiveness.

Prof. Essia is an economist with several years of teaching, research, and consulting experience. He has authored several books and scholarly articles.

Dr. Ehiwario holds a PhD in banking and risk management. An excellent audit, fraud & risk management expert, he has worked for high-profile private and public organizations in the UK and Nigeria.