Under Control: Governance Across the Enterprise

2.4. Conclusion

We have looked at the key goals of good governance, and some of the activities that this entails. We have also surveyed the types of roles that are typically involved in governance, and have seen how information and responsibility might flow among those groups. Finally, we have used the recent financial crisis to examine how governance and risk management can go wrong.

In the next chapter, we will look under the covers of governance to understand how it might be implemented within a corporation. In particular, we will look at the policy life cycle as a model for implementing the governance goals established by executive management and the Board of Directors.