Organizational Governance

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Organizational governance is the system of rules, practices, and processes an organization uses to control its operations and the strategic direction it pursues.

• defines the roles and responsibilities of:
  • the board of directors
  • management
  • and other stakeholders
• aims to ensure proper management, accountability, and compliance with regulations
• helps ensure the org is guided by a set of values and principles consistent with its mission and objectives
• parties involved
  • board of directors
  • shareholders
    • are responsible for ensuring that the organization is accountable to them and that their investments are responsibly managed
  • regulators
    • ensure that the organization complies with applicable laws and regulations.
  • the public
    • responsible for holding the organization accountable for its actions and ensuring that it follows its mission and objectives
  • etc.

Board of Directors

The board of directors is responsible for setting the organization’s overall direction, setting policies and procedures, and overseeing the organization’s management.

• responsible for:
  • selecting leaders
  • creating ethics policies
  • establishing a code of conduct
  • and monitoring operational performance