What does the principle "Tailored to enterprise needs" represent in governance systems?

The principle "Tailored to enterprise needs" represents the idea that governance systems should be customized and adaptable to the specific requirements and context of each enterprise. This means that rather than adopting a rigid or standardized approach, organizations should consider their unique circumstances, including factors such as size, complexity, industry, and regulatory environment, when designing their governance frameworks.

Customization based on design factors allows for more effective governance, as it ensures that the systems implemented are relevant and appropriate for the organization’s strategic goals and operational realities. By aligning the governance mechanisms with the specific needs of the enterprise, organizations can achieve better engagement, compliance, and overall effectiveness in their governance practices. This principle emphasizes flexibility and the need for a bespoke approach rather than a one-size-fits-all model.