Which of the following is NOT a Principle for a Governance Framework?

The principle of providing stakeholder value is indeed fundamental to governance frameworks, ensuring that the interests and needs of stakeholders are prioritized and met. However, when referencing principles specifically for a governance framework, the focus tends to shift towards other foundational aspects that support holistic and effective governance.

The principle aligned to major standards emphasizes the importance of conforming to recognized standards and regulatory requirements, which is critical for establishing credibility and ensuring compliance. Open and flexible indicates a governance framework’s adaptability, ensuring it can respond to changes in the business environment or stakeholder needs, which is essential for ongoing relevance and effectiveness. Based on a conceptual model speaks to the importance of structured frameworks that guide the governance processes and practices, ensuring they are well-established and grounded in theoretical understanding.

Thus, while providing stakeholder value is essential for operational success and stakeholder satisfaction, it does not directly represent the underlying principles that define a governance framework. The focus of governance principles lies more on aligning, structuring, and adapting approaches to support effective governance rather than solely delivering value, which is an outcome rather than a framework principle.