Unlock Performance Via Governance

More organizations will make a bold step—reengineer or redesign the old fashioned governance control, focus on encouraging meaningful changes.

Governance is like the steering wheel to ensure the organizational vehicle runs in the right direction. Governance today as a discipline is a living breathing entity which continually requires stroking and attention in the digital era. The governance concern is that businesses will lose sight of their prime purpose. If a strategy is not moving forward as desired, perhaps it’s because that governance fails to function smoothly.

Governance comprises "value delivery to the business" and the "governance of risk management”: Remember corporate governance isn’t about putting too many restrictions on what people can do, it is about monitoring and knowing when things are not going to plan so that you can take appropriate actions at the right time. There’s a correlation between corporate governance and business performance. Governance is neither linear nor single dimensional nowadays, it should be understood via multidimensional lenses such as innovation, people, and multidimensional value perspectives, and be enforced holistically.

Governance is the structure and process of authority, responsibility, and accountability in an organization: The well-structured governance today is informative, proactive, and automated; should be handled and prioritized in such a way that they're inherent in the way the management ask our staff to work and don't negatively impact their flexibility to deliver clear solutions The solid governance structure along with healthy governance behaviors and best practices steer the organization forward and frame the emerging digital management discipline of reorganizing, refocusing, rebalancing resources, and redirecting.

The style of governance depends on the management style and business culture: To operate a hyperconnected and highly decentralized organization, the classic control based governance needs to be upgraded towards the “loose control” to ensure business can take cohesive management effort to drive changes in a structural way. There are too many different types of change management initiatives, so there are different styles of governance approaches, implicit, explicit, etc, needed to take place for improving the success rate of change.

The shift of governance is to focus on enterprise change. More organizations will make a bold step—reengineer or redesign the old fashioned governance control, focus on encouraging meaningful changes. The more complex contemporary organizations across the vertical sectors are, the broader scope of corporate governance turns out to be.

Posted in: GRC