TriLine GRC is a highly reputable international company focussed on providing customised, usable and intuitive technology to companies who are actively committed to developing solid, sustainable, scalable GRC frameworks within their organisation. Through ongoing research and development, we continue to deliver forward thinking products that motivate and activate Board, Managers and business owners to take a serious look at the way they are managing GRC in their organisation and to think about Compliance and Risk systems from a new perspective that has it’s foundation in sound business practice and the principles of good governance.
What is governance?
Corporate governance is fundamental to the successful operation of any business or organisation. It can best be described as a set of relationships between a company’s management, board, shareholders, and other stakeholders, which provides the structure through which the objectives of the company are set. Furthermore it provides the means of attaining and monitoring performance against those objectives.
The TriLine Philosophy
The Three Lines of Defence model provides a simple and effective way to enhance communications on risk management and control by clarifying essential roles and duties. It provides a fresh look at operations, helping to assure the ongoing success of risk management initiatives, and it is appropriate for any organisation — regardless of size or complexity. Even in organisations where a formal risk management framework or system does not exist, the Three Lines of Defence model can enhance clarity regarding risks and controls and help improve the effectiveness of risk management systems. In many organisations, the first line of defence lies with operational management, the second line with the Risk and Compliance team and the third with Internal or External Audit. However, there is no set methodology as it ultimately comes down to what structure best suits the business.agement of risk and control (internal auditing)