Governance is not another word for management. It is truly a different function within your business. Often customers become confused about their role. Should I wear my employee hat, manager’s hat or shareholder hat? Governance is all about what the business needs from a shareholder perspective which is for the good of the manager and employee.

A Board provides strategic leadership. In order to do this, it will:

• Look to the future and keep informed of issues and trends that may affect the mission and organizational health.
  
• Make decisions based on knowledge of company needs and best practices and in accordance with the mission.
  
• Be proactive and visionary in its thinking.
  
• Encourage thoughtful deliberation, incorporating a diversity of viewpoints.
  
• Work together as colleagues, encouraging mutual support.
  
• Have the courage to lead and make difficult decisions.
  
• Commit to excellence in governance, including regularly monitoring, assessing and improving its own performance.
  

If you are unsure where to start TPP can assist with a simple step by step program to building an effective board or advisory group to think about working on the business as opposed to working in the business