Holistic Corporate Governance
Peter Drucker, the guru management consultant, educator and author commented that “Management is doing things right. Leadership is doing the right things.”
This discovery was a breakthrough. It recognises that the current individual governance parts need to be managed as one. This ensures acknowledgement of the relational connectivity that exists between one another. For governance to truly support a high-performance organisation, it needs to maintain a whole-of-organisation perspective. This treats the role of governance as universal. As such governance directly nurtures an organisation’s profitability and resilience. The essence of governance intelligence® provides operational clarity and the pathway to be a High-Performance Organisation.
Governance Intelligence® uses this term in describing an integrative understanding and systems approach to an organisation’s governance.
This enhances an organisation’s capability to gather information to successfully address the volatility, uncertainties, complexities, and ambiguities it faces on a daily basis in a timely and effective manner.
It helps directors, MDs/CEOs, senior executives, and all staff achieve better performance. Those organisations with high Governance Intelligence® are more resilient and achieve success at a higher level when benchmarked against their peers.
It generates a more robust view of an organisation’s operating environment leading to grounded actionable intelligence; more consistent reliability in a shared understanding of what the organisation is experiencing; enabling better planning and assessment via a strong planning tool that issues Governance Intelligence®-supported analysis and planning; and ultimately generates less uncertainty and better-informed decision making.
Governance and Corporate Success
As defined by the Governance Institute of Australia “Governance encompasses the system by which an organisation is controlled and operates, and the mechanisms by which it, and its people, are held to account. Ethics, risk management, compliance and administration are all elements of governance.”
Governance Intelligence® offers a range of advisory products and services to assist with transforming your organisations. Read how our Governance Intelligence® Audits have successfully helped Boards and Executives transformed their organisations.
Organisations operate within what can be described as an agitated and disruptive environment. Some refer to it as VUCA – Volatility, Uncertainty, Complexity, and Ambiguity.
Toffler, around 50 years ago, spoke of a sickness called future shock; and foresaw the challenge of “dizzying disorientation brought on by the premature arrival of the future”.
While seeking to achieve its objectives; every organisation faces the expected as well as increasingly the unexpected, and highly disruptive changes in their operating environments.
Operating within this VUCA environment requires a different approach. As Dr Carl A. Gibson, Director, Executive Impact comments in Transforming for a disruptive world – “Many individuals, teams and organisations are poorly equipped to deal with the disruptive forces that VUCA conditions are creating. We need a different approach to dealing with this disruption-related risk, …….”
Today’s organisations therefore need strong and effective governance. However, the strength is not in more prescribing of norms and behavioural patterns via codes or statements or policies. It must now be more nuanced. It is now much more about the organisation’s culture ensuring that people are responding to the stimulus influenced by their alignment to the organisation’s values. It is far less about the control exercised through extensive procedures and bureaucracy.
The challenge often for Boards, CEOs and Senior Executives is how can they best understand the swirling forces within the organisation. The challenge continues to be how to receive an early warning, and or to properly understand the various implications in time to act.
That’s where Governance Intelligence®, comes into the equation. It simply and quickly addresses the disorientation experienced across issues such as – unknown risks, strategic thinking and problem-solving, monitoring of business performance, Government policy and regulations, compliance, attraction and retention of staff/talent, cybersecurity, exploding data and information overload, reputation, brand value and trust, and innovation.
By Governance Intelligence® Audits delivering the timely insights these become more manageable and less negative on the business and its long-term performance.