What is the Third Line of Defence in risk management? The 3LoD model is not just a theoretical concept but a practical and powerful tool that delineates organisational responsibilities and roles. It enhances risk management and control, providing a clear structure for how different functions interact and collaborate to manage risk effectively. Each 'line' in the model represents a specific layer of defence against potential risks, ensuring no overlap or confusion in responsibilities, making it an efficient and effective framework. You can read about understanding the Third Line of Defence in risk management in our new blog post: https://lnkd.in/egYPaUAf Or book a demo to see the benefits for yourself: https://lnkd.in/eAfNV2-a #grc #esg #risk #riskmanagement #governance #governanceriskandcompliance #audit #auditmanagement #compliance #software #saas #grcsoftware
Ms Priya
6mo
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Project Specialist
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