Podcast
Questions and Answers
Which group is responsible for evaluating and improving governance processes?
Which group is responsible for evaluating and improving governance processes?
- The board
- Senior management
- Assurance providers
- Internal auditors (correct)
What is the role of the board and senior management in governance?
What is the role of the board and senior management in governance?
- Providing resources
- Accountability (correct)
- Conducting independent inquiries
- Evaluating and improving governance
What should an organizational structure support in order to accomplish strategic objectives?
What should an organizational structure support in order to accomplish strategic objectives?
- Operating structure
- Risk management
- Performance measurement (correct)
- Transparency
What is one of the governance principles mentioned in the text?
What is one of the governance principles mentioned in the text?
Which group should have an understanding of the operating structure?
Which group should have an understanding of the operating structure?
Flashcards
Internal Auditors
Internal Auditors
Evaluates and improves governance processes.
Accountability
Accountability
The board and senior management are responsible for this.
Performance Measurement
Performance Measurement
To accomplish strategic objectives, organizational structure needs to support this.
Clear Responsibility
Clear Responsibility
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Senior Management
Senior Management
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Study Notes
Governance Processes
- The Governance Committee is responsible for evaluating and improving governance processes.
Board and Senior Management Roles
- The board and senior management have a crucial role in governance, overseeing the organization's governance framework.
Organizational Structure
- An organizational structure should support the accomplishment of strategic objectives by defining roles, responsibilities, and accountabilities.
Governance Principles
- One of the key governance principles is accountability, which ensures that individuals and the organization are answerable for their actions.
Understanding Operating Structure
- The management team should have a thorough understanding of the operating structure to ensure effective governance and decision-making.
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