- It is proactively designed for success and appropriateness.
- Both the board and the CEO have a value added role to play, not unlike different members on the same team.
- Owners’ interests and perspectives permeate the organization’s policy, decisions and actions.
- Safety and soundness is achieved through effective safeguards in policy and a corresponding rigor in monitoring oversight..
- Roles, responsibilities, authorities and accountabilities are clear and delineated.
- The board has the ability to bring a multitude of perspectives under harness to the group’s collective decision which is made with wisdom.
- Accountability is upheld through defined roles and expectations and a thorough process for evaluating their fulfillment
Here are a few more resources you might find useful in understanding excellence in governance:
1Governing Boards, Cyril O. Houle, Appendix A, 1989 and 1997, Jossey-Bass
Stewardship: Choosing Service Over Self-Interest (BK Business) by Peter Block and Steven Piersanti (May 20, 2013)
Boards That Deliver: Advancing Corporate Governance From Compliance to Competitive Advantage by Ram Charan (Feb 3, 2005)
Nonprofit Boards: Roles, Responsibilities, and Performance (Nonprofit Law, Finance, and Management Series) by Diane J. Duca (Oct 14, 1996)
Corporate Governance and Chairmanship: A Personal View by Adrian Cadbury (Nov 7, 2002)