BENEFITS OF DOCUMENT
DESCRIPTION
Board leadership blueprint should be created in the spirit of sustainable business practices, good performance, competence, effective governance operating model, leading ethics and leading ethically. For state owned enterprise the current trend to move from privation or rent seeking toward making state enterprises strategic tool to finance much need social economic growth.
Without effective governance, financial disasters are prone to happen like has been the many cases in the last two decades. Billions of dollars has been lost as a result of these disasters, wiping of companies from face or earth and ruined peoples' lives. This mainly due to passive board leadership and excessive greed of a few executives that led to disastrous consequences affecting millions of people
Missing good governance or when good corporate governance practices is abandoned, shareholders can be hurt immeasurably, a company runs the risk of collapse, and stakeholder including employees, suppliers, tax collectors stand to suffer substantially.
This tool provide benchmark data to help the organisation asses it governance maturity level.
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Source: Best Practices in Governance Word: Governance Assessment Tool for State Owned Entities Word (DOCX) Document, Patrick Gitau
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