The governance operating model aids in risk management by providing clarity, visibility, coordination, and effectiveness. It defines roles, responsibilities, accountabilities, information flows, and guidelines needed for governance. This helps the board understand management's decision-making and risk-management processes, ensuring governance responsibilities are fulfilled. It also balances considerations regarding centralization vs decentralization and considers local business, customer, compliance, legal, and other needs. Lastly, a model with specific data may serve the board in executing its duties more effectively.
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