The governance operating model provides guidelines for implementing governance by defining the roles, responsibilities, accountabilities, information flows. It helps in improving clarity, ensuring greater visibility, improving coordination, and increasing effectiveness. It helps the board and management to translate governance principles into practices. It also ensures that governance responsibilities are fulfilled by providing a clear understanding of management's decision-making and risk-management processes. It also addresses considerations regarding centralization vs decentralization and considering local business, customer, compliance, legal and other needs.
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