CCP governance arrangements provide knock-on benefits for the wider financial system and place CCPs as trusted, neutral third parties. Within this position paper, the WFE highlights how these practices embrace corporate best practices with specific arrangements that correspond with the function and responsibilities of CCPs within the wider economy. The WFE outlines how these arrangements are tailored to the varying risk management challenges across jurisdictions and different markets, and that this diversity is important in maintaining stability in the broader financial system.