Governance models for non-profit organizations: a literature review

Abstract

Good corporate governance, which influences organizational performance, is the foundation of effective internal control. Adopting a governance paradigm, however, presents difficulties. By identifying and mapping processes and data, Enterprise Architecture (EA) may help with changes. Key Performance Indicators (KPI) provide important indicators for organizational activities. By employing a structured Balanced Scorecard (BSC), management may obtain a comprehensive overview of performance and make informed decisions to improve outcomes. In this article, we will present relevant concepts related to Governance Models, obtained through a comprehensive literature review. The advantages of implementing a suitable governance model and the essential tools for its development are also discussed. We will close with a summary and open research questions.