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
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.
Similar Questions
Good governance signifies improved ____________of the company in the society.a.reputationb.profitabilityc.relationsd.efficiency
Good corporate governance involves a __________ to run businesses in a legal manner.a.decisionb.requirementc.commitmentd.plan
Differentiate between e-Government and e-Governance. What are the various stages of E-governance?
If one is planning to venture into business, whatis the most crucial ingredient in preparing fora ensuring its success?
True or false: A governance framework defines company-wide policies.A.TrueB.False
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.