Business & Finance
Governance is the process of making decisions about an organization’s purpose, priorities, and policies are made, implemented, and enforced. The most effective organizations ensure that their Board of Directors, CEO, and executive leadership teams are:
? Driven by vision and values
? Curious and informed about performance at all levels of the organization
? Collaborative and mutually supportive
? Open and accountable with each other and with employees
After working with all kinds of organizations, I have learned that:
* It is easier to get everything aligned when an organization’s purpose is clear and its bedrock values are known and enforced.
* Effective governance means less turn-over, more innovation, better customer relationships, and agile in changing markets.
* Effective governance teams demand free-flowing communication, question their own assumptions, and regularly assess performance, customer satisfaction, and the external environment.
* Effective governance models are even-handed, and make a point of ensuring their leaders’ and organization’s actions are consistent with their stated vision and values.