Board Room: Determining Governance

board roomBoards may ask themselves “are we truly a governance Board or are we too much into management’s responsibilities?” How do we “oversee” the company’s assets if we don’t question and ask for evidence?

A simple rule is, governance is setting the company’s direction through strategic planning – setting goals and objectives, reviewing dashboards, setting limitations and accountability thereby ensuring compliance and direction desired.

Management oversees the day-to-day operation to meet the Board’s goals and objectives. Act put it this way “Governance determines the ‘What?’ – what the organization does and what it should become in the future. Management determines the ‘How?’ – how the organization will reach those goals and aspirations.”

This is the time your Board and appropriate management may want to start considering a planning session to set the future of your company. We are available to assist you in a strategic planning session.

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By Jeanne Reaves
At Jeanne Reaves Consulting, Jeanne specializes in coaching executives in a variety of industries. As a certified Personality Consultant, Jeanne employs technology and techniques to help her clients understand their executive teams’ unique abilities, maximize their productivity and manage them more effectively to enhance earnings.