The nine Symptoms of Poor Governance indicate an organisation struggling with how to effect a modern governance regime.
Indicating that the Board's focus is buried in a morass of activity-based reporting. That it has a myopic focus on identified risks and operations rather than on oversight and strategic issues.
Many people know the “what” and “why” of governance, but struggle on where to start. On what to do to implement the “what” and the “why”.
The Seven Pillars of Modern Governance have been developed as a proven, logical, systematic approach to guide you on how to embed effective governance in your organisation.
They have been distilled from decades of experience and working with hundreds of boards and governing bodies.
In concert with their associated fifteen best practice outcomes, they provide an effective governance and reporting framework for your organisation.
The Seven Pillars of Modern Governance:
Using the Seven Pillars framework elevates the Board’s focus to one of oversight, strategic issues, risk management and resource deployment. Leaving management with the daily operations of the organisation.
Crucially, the pillars deliver better organisational outcomes.
They ensure:
✓ The right level of engagement by the Board to the delivery of the Seven Pillars.
✓ Alignment of initiatives to the organisation’s strategic intent.
✓ A framework to oversee the management functions, in context of the risk appetite set by the Board.
✓ Strategic overlay to the management of risk.
✓ Positive assurance on adherence to agreed policies and procedures.
✓ Oversight of change to focus on emerging governance items. With Board engagement when necessary.
“Through more outcome-based reporting, GovernRight has helped embed an effective Governance framework driving board and management accountability and organisational outcomes”
Best Practice Outcomes
Best practice outcomes measure the success of each Pillar. And should draw from your governance content.
They focus the Board agenda on areas by exception. Driven by your organisation’s own governance data. Items are flagged amber or red as issues to be discussed (amber) and decisions made (red).
Do you have all of the Seven Pillars in your organisation?
If not, then come with us on the GovernRight Path to Modern Governance. To understand how you can embed effective governance in your organisation.
The perfect starting point is to book your team into a GovernRight Aware Workshop, to
understand the challenges of modern governance
start your journey to Build and Embed Modern Governance into your organisation, and drive better, more effective organisational outcomes.