Common Governance Framework
Having a common governance framework can play a critical part in assisting board members to better comprehend their oversight roles. The framework should have parts that contribute to effective governance and contain tools that address the risks associated with governance risks. A framework will additionally give a more pertinent build to assessing how management’s obligations fit with the board’s oversight responsibilities. There are four attributes that help assess the board’s performance level and place the framework in action. Board members can use these attributes to help identify the strengths and opportunities for improvement within each of the governance elements. The first attribute is skills and knowledge. What skills are needed for