What principle of a governance framework states that it should align with major standards and regulations?

The principle that a governance framework should align with major standards and regulations is crucial for establishing credibility, effectiveness, and compliance in organizational practices. Aligning with established standards and regulations ensures that the governance framework is grounded in accepted best practices, which can enhance its reliability and acceptance within the organization and among stakeholders.

This alignment helps organizations to not only adhere to legal and regulatory requirements but also to demonstrate their commitment to governance principles. It provides a clear structure for accountability, allows for better risk management, and supports the achievement of organizational goals in a compliant manner.

By focusing on this alignment, organizations can ensure that their processes, structures, and decisions are not only effective but also legally compliant, thereby reducing potential liabilities and fostering trust with stakeholders. This principle is foundational for any governance framework seeking to operate within a complex regulatory environment.