Which of the following best describes organizational governance processes?
A.
Processes employed by internal and external assurance providers to authorize, direct, and provide oversight to management to better enable the meeting of organizational objectives
B.
Processes employed by the board of directors to authorize and provide guidance and oversight to management to promote the achievement of organizational objectives.
C.
Processes employed by the board of directors and senior management to mitigate risks to acceptable levels.
D.
Processes employed by risk owners to mitigate risks to acceptable levels within the organization's risk appetite
Organizational governance processes are best described as the processes employed by the board of directors to authorize, provide guidance, and oversee management to promote the achievement of organizational objectives. This definition captures the essence of governance as the framework through which the highest level of strategic decision-making and oversight occurs within an organization.
IIA guidance on governance and the role of the board
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