Governance

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1. Governance refers to organisational structures and processes that are designed to ensure accountability, transparency, responsiveness, stability, empowerment, and broad-based participation

Governance in Operational Resilience:

Notes (1): is that the Board and Executive Management have explicit responsibilities and are clear of their risk appetite.

Notes (2): should focus on clear assignment of ownership for processes, resources, risks, and systems

Notes (3): is to ensure that the organisation has an effective governance structure.

Notes (4): is a model that clarify the organisation team's roles, responsibilities and ownership.


Related Term: Operational Resilience

(Source: Business Continuity Management Institute - BCM Institute)