Skip to content

Your glossary for risk and compliance

Helpful definitions of all of the terms you need to know to better manage risk and compliance.

ISO 31000

Communication and consultation

Communication and consultation is a dialogue between an organization and its stakeholders. This dialogue is both continual and iterative. It is a two-way process that involves both sharing and receiving information about the management of risk. However, this is not joint decision making. Once communication and consultation is finished, decisions are made and directions are set by the organization, not by stakeholders. Discussions could be about risks, their nature, form, likelihood, and significance, as well as whether or not risks are acceptable or should be treated, and what treatment options should be considered.
Back to glossary search

Why businesses and advisors choose 6clicks

It's faster, easier and more cost effective than any alternative.

6clicks Circle Logo

Powered by artificial

Experience the magic of Hailey, our artificial intelligence engine for risk and compliance.

6clicks Circle Logo

Unique Hub & Spoke architecture

Deploy multiple teams all connected to a hub - perfect for federated, multi-team structures.

6clicks Circle Logo

Fully integrated
content library

Access 100's of standards, control sets, assessment templates, libraries and playbooks.

Are you ready to experience AI-powered GRC?