Good governance provides organisations with strategic direction and effective decision making, as well as clarity of accountability and oversight of operational management that acts in the best interest of shareholders or members. The right governance mechanism will depend upon the nature of the organisation, its strategic purpose and stage of development.
Ferris bring knowledge and expertise to advise the design of your governance mechanism including:
- Identifying the necessary roles and capability mix to attain an effective mechanism
- Developing a framework that adds value through the development of charters, policies and procedures
- Developing the governance cultural tone considering risk appetite, delegation authority, reward and remuneration and performance evaluation both at the management and governance level
- Best practice standards for independent decision making, effective decision making
frameworks and support for external independent advice if required
Whether your needs are for an advisory committee, family decision making group, partnership, private board of investors or collaborators, a member organisation board or an appointed board, Ferris has extensive experience in assisting the establishment or advancement of a governance mechanism.