User:TW 75/Governance

From Wikipedia, the free encyclopedia

• Definition of Governance

Governance is the application of oversight to organized activities -governments and government agencies (at all levels) -civil society organizations -businesses (for profit and not for profit) to ensure, for the benefit of the resource providers to these activities (taxpayers, donors and investors), that these resources are managed in a sound manner and within established and agreed upon goals and time frames.

• Fundamental requirements for the application of Governance
• Appropriate structured governing bodies
• Qualified members of governing bodies
• Formal guidelines for members of governing bodies
• Clear delegations of authority
• Transparency and accountability to resource providers
• Essential tools to work with, such as –

• Mission statements for the organizations
• Business plans
• Performance measurement systems
• Management and financial audit authority

• Fundamental requirements for members of governing bodies

The appropriate education and experience to ensure the that organizations are managed in an effective, efficient, legal and ethical manner

A clear understanding of –

• The board and each member’s responsibility
• Governance and its application
• Management and its application
• Strategic and operational plans
• Performance measurement systems