Answer to Question #79037 in Finance for Owen Marsden

Question #79037
What is required for the board to provide effective governance
Expert's answer
Any governance review will be unique to the organisation and will depend on factors such as the organisation’s ownership, legal structure, regulatory environment, culture and the outcomes sought in undertaking a review. As such, our approach is customised for each client’s needs. For example, areas of focus in a governance review may include:
o Determining if the governance system adds value or is a burden to the organisation;
o Addressing a specific issue of concern with the current governance structure such as the number or type of board committees;
o Alignment of the governance system with an existing or new strategic direction;
o Adoption of leading practice governance in terms of policies and procedures (documentation review);
o Compliance with national and international codes and standards.

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