ModellGovernance
ModellGovernance is a structured framework for supervising the lifecycle of predictive models within an organization, spanning development, validation, deployment, monitoring, and retirement. It aims to ensure that model use aligns with business objectives, risk appetite, regulatory requirements, and ethical standards.
The framework defines roles, responsibilities, and governance structures, including a Model Governance Board or committee, Model
Core processes cover model inventory and classification, independent validation and verification, data quality assessment, performance monitoring,
Compliance and ethics are central, with alignment to data protection laws, explainability or interpretability requirements, accountability
Benefits include enhanced transparency, regulatory readiness, improved risk management, and reproducibility across model deployments. Challenges may