Governance Structure
Governance Structure refers to the framework of rules, practices, and processes by which a organization is directed, controlled, and managed. It outlines the distribution of power and responsibilities among different stakeholders, defines the decision-making processes, and establishes mechanisms for accountability and oversight. This structure typically includes roles such as board of directors, executives, managers, and employees, as well as systems for communication, decision-making, and monitoring performance. A well-defined governance structure is essential for ensuring transparency, efficiency, and compliance with laws and regulations within an organization.