Benefits of good governance

Is your organisation looking to generate long-term value, efficiently utilise resources and strengthen your resilience (who isn’t!)? Implementing good governance practices can help.

Below are some examples of the positive impacts that can be generated through good governance practices, as highlighted in ISO 37000:2021:

• Effective governance oversight helps an organisation to ensure alignment between its purpose, its strategy, and its activities. This alignment encourages long-term stakeholder value generation.

• Good governance practices such as appropriate delegation limits and transparent decision-making and accountability contribute to improved stakeholder confidence that an organisation is stewarding resources in a responsible manner

• Robust governance practices such as oversight of risk management and internal controls, succession planning and clear delegations can improve an organisations resilience when faced with challenges and change.

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