Responsible, transparent and participative
Governance as a force for good
Meaningful leadership & decision making-process.
Good governance is about the processes for making and implementing decisions. It’s not about making ‘correct’ decisions, but about the best possible process for making those decisions.
Good decision-making processes, and therefore good governance, share several characteristics. All have a positive effect on various aspects of organisation including consultation policies and practices, meeting procedures, council duties, role clarification in which sustainability issues are integrated in a way that ensures value creation for the organisation and beneficial results for all stakeholders in the long term.
Good governance is the mechanism that can enable the realization of a sustainable strategy. Therefore any organisations aiming to operate under those practices will have to go through a series of changes.
We help you to move from “governance for sustainability” to an good governance perspective. We have identified three major stages, each with its unique characteristics that describe the journey each organisation has to go through to achieve a model of good governance:
- Oversight of a sustainable strategy is overseen by the board
- Sustainability risks and opportunities are seamlessly part of the strategic agenda for the firms
- No need for a sustainability committee
- Impact reporting is used as the means to measure progress in both financial and non-financial targets
Good governance is accountable
Accountability is a fundamental requirement of good governance. Organisation has an obligation to report, explain and be answerable for the consequences of decisions it has made on behalf of the stakeholders it represents or influences.
Good governance is transparent
People should be able to follow and understand the decision-making process. This means that they will be able to clearly see how and why a decision was made – what information, advice and consultation council considered, and which legislative requirements (when relevant) council followed.
Good governance is responsive
Organisation should always try to serve the needs of the various stakeholders while balancing competing interests in a timely, appropriate and responsive manner.
Good governance is equitable and inclusive
Organisation well being results from all of its stakeholders feeling their interests have been considered in the decision-making process. This means that all interest groups, particularly the most vulnerable, should have opportunities to participate in the process.
Good governance is effective and efficient
Organisation should implement decisions and follow processes that make the best use of the available stakeholders, resources and time to ensure the best possible and positive results.
Good governance is participatory
Anyone affected by or interested in a decision should have the opportunity to participate in the process for making that decision. This can happen in several ways – stakeholders may be provided with information, asked for their opinion, given the opportunity to make recommendations or, in some cases, be part of the actual decision-making process.