Approval Mechanism
An "Approval Mechanism" refers to a structured process used to obtain consent or authorization for a specific action or decision. This mechanism is often employed in various fields, such as business, government, and project management, to ensure that all necessary stakeholders review and agree on a proposal before it is implemented.
Typically, an approval mechanism involves multiple steps, including submission of a request, review by relevant parties, and final authorization. This process helps maintain accountability and transparency, ensuring that decisions align with organizational goals and comply with regulations or policies, such as those set by government agencies or corporate governance.