FOLIO Ontology

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Identification

IRI:
https://folio.openlegalstandard.org/RBLOT3utnNtA6pYPhY1sHFH
Label Governance Risk
Preferred Label N/A
Identifier N/A
Alternative Labels
Strategic Direction Risk

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.

Class Relationships

Sub Class Of

Is Defined By

https://www.canada.ca/en/treasury-board-secretariat/corporate/risk-management/taxonomies.html

See Also

Parent Class Of 0

  • • None

Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

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Source and Origin

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