IIA-Australia Factsheet - Corporate Governance Responsibility Assignment Matrix

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Author	IIA-Australia
Date	2023
Topics Explored	Governance
Format	Factsheet
Extract/Description	The governing body of an organisation is ultimately responsible for an organisation’s governance. In a company, this will be the board of directors. In the public sector where there is not a board of directors, governance arrangements are implemented by the head of the organisation. The processes and structures implemented by the governing body is called corporate governance.
Key Points	A RACI is a responsibility assignment matrix often used in project management, but could also have application to corporate governance. A governance RACI could be considered to ensure there is shared understanding and accountability for who should be Responsible / Accountable / Consulted / Informed.
Relevant Industries	All
Level of Assumed Knowledge	Intermediate