Governance Framework

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A Governance Framework is a social framework that outline how decisions are made, responsibilities are allocated, and policies are implemented within an organization, community, or society.



References

2024

  • (Wikipedia, 2024) ⇒ https://en.wikipedia.org/wiki/Governance_framework Retrieved:2024-2-9.
    • Governance frameworks are the structure of a government and reflect the interrelated relationships, factors, and other influences upon the institution.[1] Governance structure is often used interchangeably with governance framework as they both refer to the structure of the governance of the organization. Governance frameworks structure and delineate power and the governing or management roles in an organization. They also set rules, procedures, and other informational guidelines. In addition, governance frameworks define, guide, and provide for enforcement of these processes.[2] These frameworks are shaped by the goals, strategic mandates, financial incentives, and established power structures and processes of the organization.

      Governance frameworks establish and perpetuate the efficiency or lack of efficiency in an organization or institution's ability to meet its goals, and even their public relations and perception.[3] The organization of the governance framework is important for the success of the organization meeting its goals. Sociologist John Child states that these are connected and, in a circular manner, belief that changes in governance frameworks will succeed positively impacts the chance that the framework will result in the desired changes.[4] Additionally, Williamson suggests that the organization of a governance framework results in economic consequences for that organization.[5]

      Frequently, the term good governance framework references a preferred style of governance that the author believes to be better suited to that industry or organization, especially in relation to public relations, and organizational and financial transparency.[1][3]

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