When no one knows when it’s safe to drive. There is paralysis and indecision, and the flow of traffic slows down.
Good governance enables businesses to feel confident to move faster and take opportunities as they arise because they know the best decision will be taken. They have the right people with the right skills, mindset and a clear focus on the company purpose. Decisions are made with the long-term future in mind and this helps them succeed.
Governance creates a competitive advantage for those that take it seriously, but it’s often untapped. Good governance enables you to increase collaboration and the effectiveness of your workforce with a united purpose, increase profit, grow and be ready for the future.
Identifying a problem
Poor governance can be seen in a duplication of effort, lack of accountability and trust, pointless meetings, decisions being retaken post-meeting and the business being dependent on just a few people. It can also be seen in a company’s culture resulting in unclear purpose and values, low morale, poor performance, talent retention and attraction issues and a flagging reputation.
Governance seeks to solve this. It puts in place clever systems and processes that give back control and comfort. Done well it doesn’t add bureaucracy and can even save time, making the business more nimble, accountable and fi t for growth.
Why come to us?
Beyond Governance can turn good governance principles into reality for boards and their employees because we’ve seen these situations many times before. We are quick to identify ways of saving a business time and money, and making the most of the resources already available. It’s not about having more – it’s about working differently. Start your journey to govern your company more effectively.
Does the term ‘Corporate Governance’ leave you wanting to click your heels and wish you were somewhere else?
Posted on 10 Jun, 2020 | Tags: General Governance
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