The best practices for implementing a governance operating model include: understanding the current state of governance, defining the desired state, identifying gaps, and developing a roadmap for transition. It's also important to ensure that the model is aligned with the organization's strategy and culture, and that it's flexible enough to adapt to changes. Regular reviews and updates are also crucial to ensure its effectiveness.

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A governance operating model aligns with an organization's policies by translating the elements of the governance framework and policies into practices, procedures, and job responsibilities within the corporate governance infrastructure. This mechanism is used by the board and management to ensure that the policies are effectively implemented and adhered to within the organization.

The different types of governance operating models can vary based on the organization and its specific needs. However, some common types include: centralized, decentralized, and hybrid models. Centralized governance models have a single governing body that makes all decisions. Decentralized models distribute decision-making authority across multiple entities within the organization. Hybrid models combine elements of both centralized and decentralized governance.

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Deloitte Governance Model

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