ART OF GOOD GOVERNANCE: Seven rules for growth and stability

The board of a charity must understand and follow seven rules of good governance to ensure its health and long-term future. These rules relate to the board's role and practice, the CEO's and team's role and practice, and the movement's history and values. Skills and experience are critical for the board, and new members must grasp the history, values, and mission of the organization. These principles are transferable to church boards.

\n Format: Paperback / softback
\n \n Publication date: 07 April 2021
\n Publisher: Dictum
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The principles of good governance are essential for the effective functioning of any organization. They encompass a range of rules and practices that are crucial to the success and sustainability of the organization. These principles relate to the role and practice of the board itself, as well as the role and practice of the CEO and his or her team.

Firstly, the board must establish clear governance structures and processes to ensure that it is able to make informed decisions and manage the organization effectively. This includes setting clear roles and responsibilities, establishing regular board meetings, and developing policies and procedures that govern the organization's operations.

Secondly, the board must ensure that it has a diverse range of skills and expertise on its board. This includes individuals with experience in finance, legal, marketing, and other relevant areas, as well as individuals with a deep understanding of the organization's mission and values.

Thirdly, the board must establish clear lines of communication and accountability between itself and the CEO and his or her team. This includes setting performance metrics and goals, providing regular feedback, and holding the CEO and his or her team accountable for their actions.

Fourthly, the board must ensure that it is aligned with the organization's mission and values. This includes ensuring that the organization's activities are consistent with its mission and values, and that the board is making decisions that are in the best interests of the organization and its stakeholders.

Fifthly, the board must ensure that it is transparent and accountable to its stakeholders. This includes providing regular updates on the organization's activities and financial performance, and responding to stakeholder inquiries and concerns in a timely and effective manner.

Sixthly, the board must ensure that it is able to adapt to changing circumstances and challenges. This includes being proactive in identifying potential risks and opportunities, and developing strategies and plans to address them.

Seventhly, the board must ensure that it is able to recruit and retain high-quality board members. This includes developing a recruitment and retention strategy, and ensuring that board members are committed to the organization's mission and values.

In conclusion, the principles of good governance are essential for the effective functioning of any organization. They encompass a range of rules and practices that are crucial to the success and sustainability of the organization. By adhering to these principles, the board can ensure that it is able to make informed decisions, manage the organization effectively, and align with the organization's mission and values.

\n Weight: 58g\n
Dimension: 111 x 174 x 13 (mm)\n
ISBN-13: 9781838097257\n \n