Types of Governance Structures
Governance structures guide organizations, institutions, and governments through management and decision-making. There are several such structures, each with its own unique characteristics and roles that contribute to the overall effectiveness of governance. These governance structures are described in the following list:
- Boards: Boards of directors or governing boards are fundamental to governance in numerous organizations, including corporations, non-profits, and educational institutions. These boards are entrusted with setting the strategic direction, overseeing management, and safeguarding stakeholders’ interests. Boards ensure accountability through governance, oversight, transparency, and ethical leadership.
- Committees: Committees are internal task forces within larger governance structures that focus on specific functions or tasks. They play a critical role in breaking down complex governance responsibilities into manageable...