![]() ![]() They help people understand how decisions need to be made and who has decision rights. At their best, governance and control frameworks help operationalise an organisation’s purpose, values and priorities. Many organisations stumble at this critical first step, and this article explores some of the common hurdles they face.įrameworks reflect where the organisation wants to beĪt a minimum, good governance and control frameworks should meet compliance obligations. ![]() Organisations can have these controls in place and still not have a fully effective risk culture, but you also can’t have an effective risk culture without these controls being in place. Experience tells us that these controls are necessary, but not sufficient, for optimising risk culture in an organisation. The foundation of good risk culture is a strong governance and control framework, which APRA defines as including “the risk frameworks, policies, controls and reporting within an organisation”. Telecommunications, Media & Entertainment Infrastructure, Transport & Regional Government ![]()
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