Governance model
Governance is a new management model that enhances process reliability in groups by defining, publishing, and rolling out general policies. Besides familiar governance models like COSO and COBIT, the following model provides essential elements needed in all organizations. That way makes governance the mortar between the strategic pillars strategy, organization, personal, and reporting.
It consists of principles, business alignment, glossary, critical success factors, metrics, guidelines, and roles
- Business alignment
The Business Alignment defines the relationship between business partners concerning purpose, principles, communication, collaboration, decision-making, roles, and a general commitment.
- Glossary
The glossary establishes the most important terms and definitions of the corporate terminology.
- Critical success factors
Critical success factors are key figures for success that determine survival competitiveness sustainably.
- Metrics
Metrics provide generic indicators that ensure the evaluation of the company and its organization.
- Guidelines
The Guidelines register the sources of all relevant laws, guidelines, and standards for daily business. The overview ensures the availability of information for all members of the organization.
- Roles
Roles provide generic tasks, authorities, and responsibilities (TAR) as a basis for individual job descriptions.
In contrast to a detailed set of rules, the governance describes barriers for those involved, who decide how to proceed independently within this framework.