The OECD Principles of Corporate Governance state:
“Corporate governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined.”
Governance is the DNA of an organisation. It determines how decisions are made, and implemented, how the organisation constantly renews itself. It is the organisational process for translating objectives into actions.
Good governance is achieved when objectives are clearly defined and communicated, and responsibility for implementing each objective is assigned to specific roles or individuals.
redflare.governance supports good governance by mapping your organisation’s structure, roles, responsibilities and reporting lines; tracking minuted decisions made by groups and committees; assigning responsibility for tasks; triggering reviews of policies to ensure they are timely and relevant.
Move away from unmaintainable, insecure, out of date spreadsheets, word documents and paper and use redflare.governance to save time and money.