Corporate Governance, Risk, and Compliance (GRC)
This product supports Qatar-based companies in developing their Governance, Risk, and Compliance (GRC) framework. The program helps companies strengthen oversight, improve risk management, and enhance compliance with regulatory requirements.
What does it offer?
A grant to cover a portion of the costs associated with the following components, determined by a GRC maturity assessment:
Note: Each client’s requirements will vary and will be determined based on the GRC maturity assessment.
Benefits
Strengthening governance and defining responsibilities:
Clearly define roles, responsibilities, and decision-making authority, ensuring accountability across management and operational teams.Proactive risk identification and mitigation:
Enables early identification of operational, financial, regulatory, and strategic risks, allowing corrective action before issues escalate into major disruptions.Improved regulatory and audit readiness:
Helps organizations stay prepared for regulatory reviews, audits, and inspections through structured controls, documentation, and audit trails.Better strategic decision-making:
Provides management with reliable insights and risk intelligence, supporting informed decisions aligned with business objectives and growth plans.Enhanced stakeholder and investor confidence:
Demonstrates strong governance and compliance practices, increasing confidence among customers, lenders, investors, and partners.Reduced operational disruptions:
Improved controls and risk management processes help prevent failures, fraud, errors, and process breakdowns.Scalability and business growth support:
Creates a structured foundation that supports expansion, diversification, and readiness for future regulatory or market requirements.Alignment between strategy, risk, and operations:
Ensures that business objectives, risk management, and compliance activities are aligned and work together rather than in silos.Faster issue resolution and escalation:
Defined escalation paths and monitoring mechanisms enable quicker responses to incidents, non-compliance, or operational issues.
Frequently Asked Questions
Who is eligible for the GRC grant?
• It is available to Qatar-based companies operating in QDB-mandated sectors.
• Grant for GRC services will be limited to (1) per CR
This grant covers a portion of the cost of components related to governance, risk management, and compliance, based on a GRC maturity assessment. This includes governance structure, authority matrix, decision-making framework, financial structure, risk management framework, risk categorization, risk training, compliance oversight, third-party compliance, renewal of business licenses, implementation and ongoing training, and continuous monitoring.
It is financial support extended to eligible companies for a specific purpose, without any requirement for repayment.
QDB will cover up to 70% of the total service cost. Terms and conditions apply.
Required documents include:
• Valid ID
• Valid CR
• Audited financial statements for the past year, if applicable
Note: Additional documents might be required.
It is disbursed directly to service providers.
