Question

The set of responsibilities and practices exercised by the board and executive management with the goal of providing strategic direction, ensuring that objectives are achieved, ascertaining that risks are managed appropriately, and verifying that the enterprise’s resources are used responsibly is known as __________.

Answer 1

Governance

Step-by-step explanation:

Governance -

In an organisation , the task done by the member like the monitoring the proper implementation of the policy , the establishment of the policies , is known as governance .

Which includes ,

a method to equalize the power of all the members and the main function is to increase the viability and prosperity of an organisation .

Hence , from the information of the question ,

The correct term according to the given statement is governance .