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paraphrase ''In every type of business there is a set type of governance that helps the departments make key decisions that will further the company
paraphrase ''In every type of business there is a set type of governance that helps the departments make key decisions that will further the company and its business ventures. There are four different types of governance that companies have made their decision making on the Advisory model, the cooperative model, the management team model, and the policy board model. Each of these governances can help to answer business questions in unique ways depending on how the company wants to make their decisions. This document will discuss these four governances and what they entail and what type of business is best suited for each. Beginning with the advisory model, this model creates a board of advisors that have the ear of the CEO. They have very little individual control over what happens in the company itself but they give their expert opinion on what decisions the CEO should make and where the company should go. This board is made up of people who have been high up in the workforce before and have seen companies rise and fall as well as been CEO's of their own companies. This invaluable experience helps to guide the CEO and lead to prospering their company
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