GRC – Governance, Risk, Compliance

​​Ensuring compliance amid continuously increasing and ever more complex requirements regarding Governance, Risk Management and Compliance (GRC) poses an increasing challenge to company managers. This issue affects multinational groups, medium-sized companies, and international (family) businesses, as well as companies in various industries (healthcare industry, non-profit organisations, energy industry, public co​mpanies,​ automotive industry, industrial production, and real estate industry). Decisions are getting more complex because there are more rules to be observed. A strong increase can also be observed in requirements for companies looking to enter the capital market. International and national initiatives that respond to current problems, such as those launched by the Federal Financial Supervisory Authority (BaFin) or the legislator (Bill to Strengthen Financial Market Integrity (FISG)) contribute to further increase in regulatory requirements.

The House of GRC according to the principles from the Institute for Auditors in Germany (IDW)

Essential elements of adequate governance structures are risk and compliance management, and an Internal control system (ICS) including an internal audit system. Together, these intertwined systems form the GRC universe. Moreover, as a strong partner, we support you in business analytics, corporate governance, forensic services, information security, data security, and cybersecurity, as well as

Use of the appropriate instruments improves the management and monitoring structures in the company and aims to ensure its sustainable growth. This helps professionalise the company itself and build confidence on the part of various stakeholders. GRC structures should be tailored to the size, specific circumstances and needs of the company. In this process, one should take a broader perspective and plan the company's future – this obviously means that specialists from different areas (business administration, tax and other legal areas but also IT) will be involved. This also comprises the use of digital solutions, project management office and supporting change management tools.
Building corporate GRC systems is necessary and a complex process at the same time. Clear structures providing specifically devised and transparent guidelines for the organisation of the entire business as well as the use of IT are gaining in importance. This requires customised interdisciplinary consulting on GRC systems to make sure that today’s and future requirements for an economical, efficient and digitally supported corporate governance system are complied with. Rödl & Partner provides high-quality interdisciplinary advice from a single source. Our team comprising GRC specialists, auditors, attorneys at law, lawyers, tax consultants, and IT experts with established industry expertise will advise you on the implementation, further development or audit of your GRC universe.