What is GRC ? How management will be benefited by GRC ?

I don't know, but have to agree with your input. Thanks

I fully agree with the answer been added by EXPERT...........................Thanks.

GRC (Governance Risk and Compliance) 

According to the Open Compliance and Ethics Group (OCEG), GRC is a system of people, processes, and technology that enables an organization to:

• Understand and prioritize stakeholder expectations.

• Set business objectives that are congruent with values and risks.

• Achieve objectives while optimizing the risk profile and protecting value.

• Operate within legal, contractual, internal, social, and ethical boundaries.

• Provide relevant, reliable, and timely information to stakeholders.

• Enable the measurement of a system’s performance and effectiveness.

GRC has the potential to provide organizations with a uniform view of information so they can align risk management with objectives, reduce complexity, diminish inconsistencies, and harness technology for optimal performance. Today’s boards and executive management are increasingly cognizant of the need for an integrated approach that is proactive, effective, and organization-wide.

Governance, risk management, and compliance or GRC is the umbrella term covering an organization's approach across these three areas: Governance, risk management, and compliance.

"Governance, Risk Management, and Compliance (GRC) are three pillars that work together for the purpose of assuring that an organization meets its objectives. ... Governance is the combination of processes established and executed by the board of directors that are reflected in the organization's structure and how it is managed and led toward achieving goals. Risk management is predicting and managing risks that could hinder the organization to achieve its objectives. Compliance with the company's policies and procedures, laws and regulations, strong and efficient governance is considered key to an organization's success."

See my answer to your SOX question.