The purpose of this conference is to examine the trends and developments in the foundations of risk and compliance management and their modern methodologies. Research in risk and compliance management is both a traditional and contemporary field, ancient in its concepts, content, and objectives, yet modern in its mechanisms, tools, and techniques. All institutions, whether in the public or private sectors, face the consequences of uncertainty in managing their operations and activities. This creates an imperative need to adopt sound methodologies in risk and compliance management at the institutional level, ensuring good governance within these institutions.