Components, Governance
Governance of World Class R&D takes the traditional components of any governance system and remakes them in a creative way...
Hanford gives a good list of governance components for a corporate function:- Decision-making authority
- Governance Principles
- Governance Structure or framework
- Mechanisms to enable and sustain oversight
- Explicit mechanisms for sustainability of decision making authority vis-à-vis corporate
These constitute the essential components for successful R&D governance and we use them to guide our further discussions.
We do not get into the basics you'd expect in any governance function: clear assignment of decision authority, roles and responsibilities, etc. Visit HERE for these discussions.
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