How is governance typically monitored in an organization?

Governance in an organization is typically monitored through a structured and systematic process that includes both internal and external audit activities. Internal audits involve reviewing the organization's operations, controls, and compliance with established policies and regulations. This helps ensure that the organization is operating efficiently and effectively while adhering to legal and regulatory requirements.

External audits, on the other hand, provide an independent assessment of the organization's financial statements and practices. These audits are conducted by external parties, which adds an additional layer of scrutiny and objectivity. The combination of internal and external audits allows organizations to identify risks, enhance governance frameworks, and improve operational performance.

While technological audits, employee surveys, and market analysis may contribute to an organization's overall assessment and decision-making, they do not serve as the primary means of monitoring governance. The focus of governance monitoring is on compliance, risk management, and accountability, which are best achieved through robust auditing processes.