The world’s largest GPRC summit calls for an integrated approach to GRC to achieve 360-degree risk awareness

The world’s largest GPRC summit calls for an integrated approach to GRC to achieve 360-degree risk awareness

- GPRC Summit 2023 addresses GRC tactics and technologies with a focus on performance and strategy for an ever-growing risk and compliance market expected to reach 134.86 billion USD by 2030

Dubai, United Arab Emirates: The GPRC Summit 2023 in Riyadh, organised by Ejtemaat Events and hosted by Corporater, a global software company providing integrated governance, performance, risk and compliance (GPRC) solutions, brought together GRC experts, CEOs, executives and key decision makers from various industries to discuss technologies, insights and key trends shaping the future of enterprise management.

Inaugurating the summit, Dr Sultan Saud Alsajjan, General Manager, Governance and Compliance, Ministry of Municipal and Rural Affairs and Housing, KSA, said, "Any governance and risk management process consists of three key elements - legislation, execution and control, which include internal audit and compliance - but the key elements of an effective GRC are the systematisation of the above processes. Systematising these three processes so that they function as a unit to achieve the strategic objectives of GRC by adopting local and international best practices to meet the needs of all stakeholders is the key to business excellence."

"On the other hand, creating a link between execution and control and not stopping risk identification is