The governance operating model plays a crucial role in ensuring that governance responsibilities are fulfilled. It provides 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. The model also provides greater visibility into management's decision-making and risk-management processes, which is essential for the board to ensure governance responsibilities are fulfilled. Furthermore, the model improves coordination by balancing considerations regarding centralization vs decentralization and considering local business, customer, compliance, legal, and other needs. Lastly, the model increases effectiveness by providing specific data that the board and its committees require.
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