Category: Strategy and architecture

Subcategory: Governance, risk and compliance

Governance - GOVN

Defining and operating frameworks for decision-making, risk management, stakeholder relationships and compliance with organisational and regulatory obligations.

Levels:

Level 6:
Description: Implements the governance framework to enable governance activity to be conducted. Within a defined area of accountability, determines the requirements for appropriate governance reflecting the organisation's values, ethics, risk appetite and wider governance frameworks. Communicates delegated authority, benefits, opportunities, costs and risks. Leads reviews of governance practices with appropriate and sufficient independence from management activity. Acts as the organisation's contact for relevant regulatory authorities and ensures proper relationships between the organisation and external stakeholders.

Level 7:
Description: Directs the definition, implementation and monitoring of the governance framework to meet organisational obligations under regulation, law, or contracts. Provides leadership, direction and oversight for governance activities. Integrates risk management into frameworks, aligning with strategic objectives and risk appetite. Secures resources required to execute activities to achieve the organisation's governance goals with effective transparency. Provides assurance to stakeholders that the organisation can deliver its obligations with an agreed balance of benefits, opportunities, costs and risks.