What is Governance?
Governance is the establishment of policies, and continuous monitoring of their proper implementation, by the members of the governing body of an organization. It includes the mechanisms required to balance the powers of the members (with the associated accountability), and their primary duty of enhancing the prosperity and viability of the organization.
In short, Governance means all the processes that coordinate and control an organization’s resources and actions. Its scope includes ethics, resource management processes, accountability, and management controls.
Governance, with regards to a corporation or organization, consists of the set of processes, customs, policies, laws and institutions affecting the way people direct, administer or control a corporation. Corporate Governance also includes the relationship among the many players involved (the stakeholders) and the corporate goals. The principal players include the shareholders, management, and the board of directors. Other stakeholders include employees, suppliers, customers, banks, and other lenders, regulators, the environment and the community at large.
Implementing Governance Policies is a Process
At TPBA, we can assist your organization in setting up a Board of Directors and implementing a governance policy for your organization. Through our TPBA Policy Governance Process, TPBA works with your organization and walks you through the steps to 1) address the board’s engagement in financial, programmatic, and personnel matters, 2) help with defining the roles of officers and committees, and 3) establish the reporting and evaluation process, agendas and other aspects of the board job.
The 4 main Policy Governance Categories that are covered include:
- The Ends
- The Board Process
- The Board – Executive Relationship
- The Executive Limitations
For more information or how we can contact you regarding Governance, please fill out our Contact Us Form on how we can connect with you.
Or contact us at 515-225-4486