The Standard for Portfolio Management — Fourth Edition

4

PORTFOLIO GOVERNANCE

This section explains what governance is, what it is based on, its guiding principles, how governance is implemented in terms of practices, and how governance activities differ from management activities. Understanding and implementing an effective portfolio governance framework guides the portfolio decision-making processes in the interests of all stakeholders while adhering to the governance principles of the organization. The following major sections are addressed:

4.1 Overview

4.2 What Is Portfolio Governance?

4.3 Guiding Principles

4.4 The Concept of Governance

4.5 Effective Portfolio Governance Design Factors

4.6 Portfolio Governance Roles

4.1 OVERVIEW

The term governance is increasingly used in the field of portfolio, ...