How Boards Can Execute Governance Reviews to Improve Performance
Overview
The standard corporate/business governance review does not meet basic cost-benefit tests. They take time and resources and significantly impact corporate identity but do not provide sufficient benefits, other than avoiding basic legal, compliance, and disclosure issues. By formulating sound governance principles and linking governance to leadership and performance, boards enhance their effectiveness and promote more constructive stakeholder engagement, an appropriately dynamic corporate strategy, and the culture and accountability processes to drive strategy and improve performance consistent with mission.