ABSTRACT
Corporate governance is heavily influenced by an organization's stakeholders, who communicate their expectations for proper conduct, especially as it relates to the pursuit of profitability, ecological responsibility, and fair and respectful treatment of those people impacted by its activities. The goal of corporate governance, and the purpose of the structures and expectations established, is to ensure that management is accountable to the board, which is in turn accountable to the owners. Corporate governance has received a great deal of attention due to a large number of significant corporate failures, many caused by poor leadership, defective cultures, and weak oversight. Risk management and compliance (GRC) is the aggregation of corporate governance, risk management, and compliance under one umbrella. Corporate governance affects the valuation of companies and may attract supporters and detractors. Internal auditors are involved in promoting strong GRC programs and incorporating its elements in the audit plan.
