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What is a key component of a successful governance framework?A.Executive buy-in.B.The right people.C.A catchy name and logo.D.A and BE.B and C

Question

What is a key component of a successful governance framework?

  • A. Executive buy-in
  • B. The right people
  • C. A catchy name and logo
  • D. A and B
  • E. B and C
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Solution

The key components of a successful governance framework are A. Executive buy-in and B. The right people. Therefore, the answer is D. A and B.

Here's why:

A. Executive buy-in: This is crucial because the executives are the decision-makers. If they don't understand or support the governance framework, it's unlikely to be successful.

B. The right people: Having the right people involved is also key. This includes not only the leaders but also those who will be implementing and maintaining the governance framework. They need to have the right skills and also the authority to make decisions.

C. A catchy name and logo: While these might help with marketing the governance framework, they are not key to its success. The substance of the framework is much more important than its branding.

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