What is a primary focus of enhancing governance solutions in a business context?
Understand the Problem
The question is asking for the main objective or primary focus behind the improvement of governance solutions within a business setting. It provides multiple-choice options that relate to business practices and compliance.
Answer
Improving risk management and compliance while aligning with business goals.
A primary focus of enhancing governance solutions in a business context is to facilitate effective management, risk minimization, and compliance while aligning with business goals.
Answer for screen readers
A primary focus of enhancing governance solutions in a business context is to facilitate effective management, risk minimization, and compliance while aligning with business goals.
More Information
Enhancing governance solutions aims to ensure a company's management is not only effective but also aligns with the overarching strategic goals while managing risks and complying with regulations.
Tips
A common mistake is focusing solely on compliance, without ensuring that governance solutions also align with the company's larger strategic goals.
Sources
- Corporate Governance: Definition, Principles, Models, and Examples - investopedia.com
- What is GRC (Governance, Risk, and Compliance)? - AWS - aws.amazon.com
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