The governance operating model addresses the needs of local business, customer, compliance, legal and other needs by providing a clear definition of roles, responsibilities, accountabilities, information flows and guidelines. This helps in coordinating actions and balancing considerations regarding centralization vs decentralization. It also ensures that governance responsibilities are fulfilled by providing a clear understanding of management's decision-making and risk-management processes.
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Improve clarity, visibility, coordination, and effectiveness within your organization with Deloitte's Governance Framework. Use this presentation to d...
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Improved clarity–the board and management often run into a problem of translating governance principles into practices. The governance operating model makes a useful tool for the board to solve this problem by defining the roles, responsibilities, accountabilities, information flows and guidelines needed to implement governance. Greater visibility–to ensure that governance responsibilities are fulfilled, the board needs a clear understanding of management's decision-making and risk-management processes, which can be established by stating the types and amounts of investments and transactions and the risk exposures. Improved coordination–coordinated action requires balancing considerations regarding centralization vs decentralization and considering local business, customer, compliance, legal and other needs, which the model should be able to address, the experts say. Increased effectiveness–a model with specific data that the board and its committees require may serve the board in exec...
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