Learn the basics of good governance—and what separates it from management.
Covering a range of issues from board duties to recruitment to remuneration, this guide details the many aspects of governance that apply as an organization grows.
As an organization grows, it will require some form of a board of governors, directors, or advisors to provide oversight and advice. In other words, it will need good governance.
Essentially, good governance is the ability and willingness to ask the right questions at the right time and to provide good advice while demonstrating confidence in the venture.
Boards govern while management manages. Good boards work on the premise that while accountability can be delegated, responsibility cannot.
Beyond the information contained in this database, many resources and countless articles deal with the topic of governance. We’ve listed several of those here.
An advisory board is a group of individuals who have been selected to help advise a business owner on a variety of business issues.