construction; government contractor and technology; not-for-profit; real estate; emerging growth companies
business advisory; risk services; technology
Abstract:
Most of our readers are aware of governance, a fundamental component in managing businesses with purpose. You no doubt have learned from the example of others by reading or hearing about companies suffering and even collapsing from a lack of proper corporate governance. But you may ask: “What is governance and how do I know if our company has enough of it?”
Corporate governance is the collection of rules, policies, authority, and responsibilities created by and given to those persons who are the custodians of a corporation or business. While corporate governance began in the early 20th century with significant focus on public company legal issues, more recent trends in organizational behavior are promoting good governance as a key component in the success of organizations regardless of size.
Characteristics that are more typical in public company governance include shareholder rights, meetings and takeover provisions.
Governance can be viewed in terms of leadership attributes as well as actions. Consider attributes the characteristics that describe those who are charged with governance, while actions are the motions made by that same group. To learn what leadership attributes and actions you should review, download a PDF of the full article below.