The Governance & Oversight discipline focuses on constraining activities through policies, controls, and decision frameworks while setting direction to align with organizational objectives.
Constraining Activities:
Governance ensures that activities are within legal, ethical, and operational limits through policies, procedures, and oversight mechanisms.
Setting Direction:
Leadership establishes the strategic vision and guides the organization toward achieving long-term goals while adhering to its core values.
Oversight Role:
Oversight bodies like boards of directors and compliance committees monitor organizational performance and enforce accountability.
[References:, COSO ERM Framework: Emphasizes governance’s role in directing and constraining activities., NIST RMF: Highlights governance as a critical factor in risk and compliance management., , , ]
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