Governance Risk

Governance Risk - Governance Risk refers to the potential for negative consequences arising from an organization's ineffective or inadequate leadership, decision-making processes, and oversight structures. This can result from poor corporate governance practices, lack of transparency, or weak accountability mechanisms, ultimately leading to reputational damage, legal liabilities, and decreased stakeholder trust, which can impact the organization's performance and sustainability.

Class Information

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Identification

Label (rdfs)
Governance Risk
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Alternative Labels
Strategic Direction Risk
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Definition and Examples

Definition
Governance Risk refers to the potential for negative consequences arising from an organization's ineffective or inadequate leadership, decision-making processes, and oversight structures. This can result from poor corporate governance practices, lack of transparency, or weak accountability mechanisms, ultimately leading to reputational damage, legal liabilities, and decreased stakeholder trust, which can impact the organization's performance and sustainability.
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Class Relationships

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Is Defined By
https://www.canada.ca/en/treasury-board-secretariat/corporate/risk-management/taxonomies.html
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Additional Information

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Deprecated
False

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