Having a governance operating model in an organization provides several benefits. It improves clarity by defining the roles, responsibilities, accountabilities, information flows, and guidelines needed to implement governance. This helps the board and management translate governance principles into practices. It also ensures greater visibility into management's decision-making and risk-management processes. The model can provide details about the types and amounts of investments and transactions and the risk exposures. It also improves coordination by balancing considerations regarding centralization vs decentralization and considering local business, customer, compliance, legal, and other needs. Lastly, it increases effectiveness by providing specific data that the board and its committees require.
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