 The Policy Governance model has universal meaning, and can be adopted in very different company settings, profit and nonprofit, although complex local legislation can make it difficult to recognize the underlying logic of the model.In every true application of Policy Governance, the board represents the ownership of the organization as it defines the good that the organization is to provide for the recipients and at what cost.Ownership and recipients can be the same group of people (as is the case with most associations), but more often they are different groups.