The governance operating model aids in unpacking the complexities of major components by providing clarity, visibility, coordination, and effectiveness. It defines roles, responsibilities, accountabilities, information flows, and guidelines needed for governance implementation. It also ensures that governance responsibilities are fulfilled by providing a clear understanding of management's decision-making and risk-management processes. Furthermore, it addresses considerations regarding centralization vs decentralization and local business, customer, compliance, legal, and other needs. Lastly, it increases effectiveness by providing specific data required by the board and its committees.
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