Enterprise Governance

Question 1

The set of responsibilities and practices exercised by the board and executive management with the goal of:
- providing strategic direction
- ensuring that objectives are achieved
- ascertaining that risks are managed appropriately
- verifying that org’s resources are used responsibly

Answer 1

Enterprise Governance

Question 2

The organizational competence for continuously exercising guiding authority over enterprise strategy and architecture development, subsequent design, implementation, and operation of the enterprise.

Answer 2

Enterprise Governance

Question 3

is culture and tone at the top, competence and independence of the board, internal control and risk management.

Answer 3

Conformance

Question 4

choice and clarity of strategy, strategy execution, ability to
respond to abrupt changes, and ability to
undertake successful M&As, which was the
most significant issue in strategy related
failures.

Answer 4

Performance

Question 5

A dimension of enterprise governance that focuses on ensuring that an organization adheres to legal, regulatory, and ethical standards.

Answer 5

Conformance

Question 6

A dimension of enterprise governance that emphasizes achieving strategic objectives and maximizes value for stakeholders.
The focus is on helping the board to make strategic decisions, understand its appetite for risk and its key drivers of performance, and identify its key points of decision making.
Involves aligning organizational activities with the overall vision and mission.

Answer 6

Performance

Question 7

Characteristics of Performance

Answer 7

Relevant
Integrated
Timely
Reliable
Comparable
Clear