We seek non-traditional ways to organize the governance function...
Structure refers to specialization or divvying up the roles and responsibilities of the R&D governance team across multiple individuals or entities. We subdivide governance activities and assign responsibilities, especially in larger companies, to allow greater effectiveness in our governance activities. Traditional divisions include:
By stage of investments, e.g., new, existing, retiring
By type of investments, e.g., infrastructure, improvement projects, acquisitions, revenue-producing entities
By activities with investments, e.g., administrative, oversight, commercialization+, organization
Traditional approaches do not provide the governance team with the means to build expertise as demanded by the Governance Principles.
