Monday, June 6, 2022

Innovategovernance

12:10 PM Pearl Zhu No comments

Governance is like steering wheels, keeping the organization heading in the right direction.

Due to the “VUCA” characteristics -Complexity, Uncertainty, Ambiguity, and Velocity of the Digital Era, the directorship in any organization must have the agility to adapt to changes and build abilities to advise, inspire and motivate a group of people toward accomplishing shared visions and goals.

The important characteristics of digitalization are over-complexity, uncertainty, and ambiguity. Hence, GRC (governance, risk management, and compliance) becomes more critical than ever. Here's the context; how should GRC programs be approached? Should technology be a driver? Can you achieve any level of GRC without automation? Can you achieve any level of GRC without people? What is the real driver of GRC? Modern corporate boards play significant roles in guiding businesses in the right direction and achieve expected business results.

Innovate Governance

Innovategovernance To survive the “VUCA '' new normal, GRC becomes more critical than ever in digitalized organizations with extended business boundaries in an increasingly flat world and the desire for more innovation will make governance issues more complex. Corporate governance includes interdisciplinary principles and practices, helping to manage collaborative business results with consistent deliveries.

Initiativesofgovernance With "VUCA '' new normal, in some circumstances, the line between management and governance is blurred, there are varying degrees of understanding of the scope of corporate governance, and cross disciplinary governance practices. GRC means keeping abreast of standards and auditing to all regulations that may affect the company.

Innovationgovernance Governance is like steering wheels, keeping the organization heading in the right direction. It is a state of mind that must be achieved to lead transformational change and move up the human society up to the next level of maturity. It can assure the corporation’s operation under the correct directions and behaviors correctly.

Governanceattributes Governance is to steer the organization in the right direction at the right speed. It is a learning tool that needs to be well understood and reinvented for improving business management commitment and maturity.

Governance as a management enhancement tool demonstrates the following characteristics, with the mechanisms of escalation and resolution used to strengthen the weakest links of strategy management to achieve high performance business results.

Innergovernanceinsight Governance is like the “steering wheel,” to ensure that the organization follows the business laws & regulation compliance, running in the right direction. It evolves the leadership and organizational structures and processes that ensure the organization sustains and extends the enterprise strategies and objectives.