Section 11.97 Governance Structures

Question 1

Organizational Governance

Answer 1

Complex, multifaceted concept essential for successful organisation operation

■ Comprises various components, each with unique functions

Question 2

Governance Structures

Boards

Answer 2

A board of direectors is a group of individuals elected by shareholders to oversee the management of an organisation

● Responsible for setting strategic direction, policies, and major decisions

Question 3

Governance Structures

Committees

Answer 3

Subgroups of a board of directors, each with a specific focus

● Allows detailed attention to complex areas

Question 4

Governance Structures

Government Entities

Answer 4

They establish laws and regulations that organisations must comply with

● Play roles in governance, especially for public and regulated organizations

Question 5

Centralised and Decentralised Structures

Centralised

Answer 5

Decision-making authority at top management levels

○ Ensures consistent decisions and clear authority

○ Slower response to local/departmental needs

Question 6

Decentralised

Answer 6

Decision-making authority distributed throughout the
organisation

○ Enables quicker decisions and local responsiveness

○ Potential for inconsistencies