Change Management - Trends in Governance Structures

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Financial institutions are operating in a very dynamic marketplace today; this requires the ability to choose the right change opportunities while demonstrating the necessary degree of flexibility to meet the fluid requirements of the organization over time. The ability to select change initiatives that are aligned with the organization's strategic direction is fundamental for success. How to create a governance structure that ensures both this alignment and successful execution of the initiative is the challenge. Organizations that are successful with large-scale change initiatives have several things in common; primary among them is a defined governance structure encompassing the entire change cycle. Successful structures begin with the decision process and continue through final execution of the change initiative.

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