Governance
Good governance is about establishing efficient and effective oversight for businesses. It’s about developing processes for making and implementing decisions and identifying and managing risk.
Good governance helps prevent scandals, fraud, potential civil and criminal liability— it’s also good business.
Governance has a profound effect on the success of commercial entities and not for profit organizations. Organizations with good governance are trusted by their investors, partners and stakeholders, their clients, and their employees.
Governance must be practical and based on the specific needs and risks of the organization and it can be achieved in a cost-efficient manner that is right sized for the organization. The long-term reputation of the organization is built on the foundation of good governance.
Who should be interested in governance?
Boards of Directors in all for profit and not-for-profit organizations, CEO’s, Executive Directors, management, professional advisors and owners of family companies.
In other words, any person who makes decisions regarding the future of their organization.