Responsible 100 Questions For Managers: Effective Governance

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Please answer the following questions - which have been carefully crafted to help you apply the basics regarding effective governance to your organisation - providing as much detail as possible.

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Is there a board, individual, or individuals with responsibility for your organisation's leadership and strategic direction, and what checks and balances are there to help ensure they undertake those responsibilities effectively?
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Connecting properly to internal and external stakeholders is an extremely valuable source of risk mitigation and education. How does your board and/or how do your senior executives directly engage in relationships with key stakeholder groups?
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Please provide an example, or examples, of when senior management's task of ensuring the organisation stays on top of its various day-to-day issues reduced its focus on the organisation's key strategic goals, or further mitigated against achieving those goals
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