Overview

Studies show that good governance matters. A well-governed organization performs better, and, as a result, provides greater value to all stakeholders. Organizations with Boards of Directors, including start-ups, associations and not-for-profits can profit from a system of good governance.

Even if a formal governance structure is not a requirement, organizations may benefit from an Advisory Board that can act as a mentor, a sounding board, a sober second opinion. Advisory Boards can provide the independent, unbiased insight your business might need.

Examples

• Establish a committee structure including:
  • Audit Committee
  • Nominating and Governance Committee
  • Compensation Committee including terms of reference, roles and responsibilities and effectiveness
• Develop financial and operational policies
• Review your organization’s structure including lines of authority and responsibilities
• Review your decision making process and accountabilities