governance-frameworks

Vocabulary Word

Definition

'Governance frameworks' are blueprints for organizations to manage, control and operate effectively. They define roles, responsibilities, and procedures for decision making.

Examples in Different Contexts

In corporate governance, 'governance frameworks' outline the systems of rules, practices, and processes by which companies are directed and controlled. A board member might discuss, 'Effective governance frameworks help balance the interests of shareholders, management, customers, suppliers, and the community.'

Practice Scenarios

Academics

Scenario:

The university's operational coherence needs improvement. An open dialogue about our conduct guidelines could be helpful.

Response:

Let's develop a robust governance framework. It will support academic integrity by defining clear roles, responsibilities, and ethical standards.

Tech

Scenario:

Our software development has become uncoordinated and mismanaged. We need clear guidelines to ensure effective execution and standards.

Response:

You're right, creating a governance framework for software development could streamline our processes and eliminate confusion.