The purpose of this document is to describe how each body interrelates with others. The Innovation Banking Policy above describes the responsibilities but not how an issue moves between the roles. Moreover, Two governing bodies (the corporate innovation and the champions) have been established to guide the innovation to a successful conclusion. The champions are defined as all the project members. Policy is established to tactics and achieve the goals.

The innovation hub is further organized in several layers of teams to provide for efficient two-way flow of ideas, information, and decisions. Below is a description of the process, criteria, and time frame by which decisions will be made for each idea.

9.1 Executive Steering Committee

The innovation hub Committee is the highest level of decision making for this initiative.

9.1.1. Purpose of the Executive Steering Committee

The innovation Hub exists to ensure the ideas will meet its goals. The Innovation hub has the ultimate responsibility to ensure the success of the initiative. To monitor progress against goals, the Innovation hub meets to establish policy, receive the ideas status, hold the champions accountable to oversight findings and recommendations, ensure decisions align with the triple constraints (prioritization of scope, schedule, budget), and to make decisions that have been escalated for resolution. These responsibilities are carried out by performing the following functions:

• Monitoring and reviewing status against defined metrics, as presented by the champions at regularly scheduled Innovation hub meetings.
• Reviewing reports, prepared by the Innovation hub, on the impact of business process changes on SAB.
• Controlling scope as emergent issues force changes to be considered, and if necessary, approving budget or schedule changes, consistent with the Guiding Principles and objectives listed in the Innovation hub Charter.
• Confirming that strategies to address major risks to the idea’s success have been identified, budgeted and executed.
• Resolving issues escalated from lower level entities.
• Providing assistance to the ideas when required.

The Committee Chairperson communicates, from an executive perspective, the Project’s progress to external entities such as the Agency Secretary, Governor’s Office, legislators, and external stakeholders.