What are the major components of Deloitte's Governance Framework?

The major components of Deloitte's Governance Framework are not specified in the content provided. However, generally, a governance framework includes elements like governance structure, policies, practices, procedures, and job responsibilities. It's the mechanism used by the board and management to translate these elements into the corporate governance infrastructure.

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Deloitte Governance Model

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Per Deloitte, "a governance operating model is the mechanism used by the board and management to translate the elements of the governance framework and policies into practices, procedures, and job responsibilities within the corporate governance infrastructure." And the benefits of using it include:

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What are the best practices for implementing a governance operating model?

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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.

How does a governance operating model align with an organization's policies?

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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.

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