The essence ofGRC (Governance, Risk, and Compliance)lies in creating aconnected and integrated approachthat enables organizations to achieve their goals throughPrincipled Performancewhile managing uncertainty and fostering ethical operations.
* Pathway to Principled Performance: GRC focuses on achieving a balance betweenobjectives, risks, and compliance in a manner that aligns with ethical practices and organizational values.
* Overcoming VUCA:
* VUCAstands forVolatility, Uncertainty, Complexity, and Ambiguity, which are common challenges in modern organizational environments.
* GRC integrates processes, communication, and systems to navigate these challenges effectively.
* Avoiding Disconnection: Disconnection in governance, risk management, and compliance activities can lead to inefficiency, misaligned objectives, and increased vulnerability. GRC ensures seamless integration and collaboration across departments.
References:
* OCEG's GRC Capability Model: Highlights how GRC helps achieve Principled Performance by harmonizing governance, risk, and compliance with organizational goals.
* COSO and ISO 31000 Frameworks: Stress the importance of connected approaches for better risk management and performance outcomes.

To ensure that notifications are addressed appropriately, organizations must have a structured process to handle and route them effectively. This ensures that critical issues are dealt with by the right organizational units in a timely and efficient manner.
Key Steps to Handle Notifications Effectively:
Prioritization: Notifications should be ranked based on their urgency, potential impact, and severity.
Substantiation and Validation: Notifications should be reviewed to confirm their authenticity and relevance.
Routing: Based on the topic, type, and severity, notifications should be sent to the appropriate department or personnel (e.g., HR, compliance, legal, or risk management).
Why Option B is Correct:
Option B outlines a systematic approach to ensure notifications are prioritized and routed to the appropriate units for action.
Option A (single point referral) oversimplifies the process and may delay action or lead to mismanagement.
Option C (disregarding notifications) is counterproductive and could result in ignoring critical issues.
Option D (general counsel review of all notifications) is impractical and unnecessary for routine issues.
Relevant Frameworks and Guidelines:
ISO 37002 (Whistleblowing Management System): Recommends clear processes for handling and routing notifications based on type and severity.
COSO ERM Framework: Highlights the importance of routing risk-related information to the appropriate organizational units for timely action.
In summary, notifications should be prioritized, substantiated, validated, and routed based on their nature and severity to ensure they are handled by the appropriate organizational units.