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The pursuit of purpose is at the centre of all organizations and is, therefore, of primary importance for the governance of organizations. Good governance of organizations lays the foundation for the fulfilment of the purpose with ultimate outcomes of effective performance, responsible stewardship and ethical enterprise. Good governance creates and maintains an organization with a clear purpose that delivers long-term value consistent with the expectations of its relevant stakeholders. The implementation of good enterprise governance should be based on leadership, values, and a framework of mechanisms, processes and structures that are appropriate for the organization's internal and external context. This includes actions by the governing body (e.g. creating governance policies) to direct their organizations to provide stakeholders with transparent, clear and concise reports and access to information.
Based on best practices, this checklist is provides useful listing of all component that should be included in holistic governance policy or code of enterprise governance. The document provide comprehensive coverage of elements that those charged with governance should consider as part of governance policy to help them in enhancing performance, trust, inclusion, accountability, responsiveness, transparency and fairness.
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Source: Best Practices in Governance PowerPoint Slides: Elements of Enterprise Governance PowerPoint (PPTX) Presentation, Patrick Gitau
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