What is authority based governance? Partner-based? Hybrid?.
What is authority based governance? Partner-based? Hybrid? Authority is the right to influence what others do and hence an acknowledged duty to obey rather than on any form of coercion or manipulation. A governance operating model is the framework used by the board and management to translate the elements of the governance framework and policies into practices, procedures, and job responsibilities within the corporate governance infrastructure. We note that there are some problems with hybrid systems and since partners or stakeholders must be involved in governance, it is best to take all three into consideration. Authority based governance. – role specification – planning – incentives – monetary – reinforcement Hybrid based. – long term focus – mutual focus – shared goals Partner based – information sharing – flexibility – mutuality – solidarity – role integrity