The Three Lines Model
The report outlines essential governance elements and answers questions about implementing The Three Lines Model in different industries, with a focus on accountability, actions, and assurance and advice.
The Three Lines Model helps organizations identify structures, design processes, and assign responsibilities that best assist the achievement of objectives and facilitate strong governance and risk management. It clarifies the main essential elements governance requires at its most basic: accountability, actions, and assurance and advice. Fundamentally this is what governance is.