An examination of the true role of governance as a driver of high-quality strategic decision-making, which can help an organization achieve its strategic objectives more efficiently and effectively.
Many boards approach the subject of governance from a compliance perspective, which leaves value lying on the table. When boards complain that “we”re spending too much time on governance”, what they”re usually referring to is ”compliance”. A compliance focus leads to an emphasis on governance as an area of subject-matter expertise, a cost, an overhead, a back-office activity, something which ”has to be done” to satisfy regulation and Code. It manifests itself through a culture of box-ticking. Directors and senior management perceive, and derive, little value from the exercise.
Seamus Gillen believes that governance is a commercial discipline, providing a fundamental underpin to the process of value creation, value protection and value preservation. Governance drives the quality of strategic decision-making that helps an organization achieve its strategic objectives more efficiently and effectively. High standards of governance create competitive advantage, a concept as applicable to not-for-profits and public sector bodies as to commercial entities. For organizations pursuing this approach, governance becomes a liberating theology, and a critical business enabler.
Building Better Boards resonates with professionals operating across international jurisdictions, and is inclusive rather than exclusive. The book emphasises, and demonstrates, that governance is a live issue, an ongoing priority area of board focus, with developments occurring around the world on, literally, a daily basis. It identifies good practice and progressive thinking across sectors and geographies. It builds on thought leadership and case studies, as well as regulatory guidance and Code principles. It offers new models and approaches based on real-life experience. All to provide boards and directors – as well as senior executives – with the means to leverage governance to achieve their strategic objectives. To help them lead and succeed in a changing world.
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