Policy Governance is a way to make sure organizations achieve the right results and avoid jeopardy. It helps everyone save time, avoid common problems, and focus on relevant outcomes.
PG has ten principles that every board or group of people with authority can apply however they like. The key to success is knowing what these ten principles are, and how they work as a system.
These principles deal with:
Owner-Accountability: To whom is the board accountable?
Board Position: Where does the board stand in relationship to the owners, CEO, staff, and why?
Group Authority: Do board members act as a group, or as individuals?
Ends: Who benefits, in what way, and at what worth?
Board Means: How does the board organize all its rules for itself, and deal with its relationship with the CEO?
Executive Limitations: How do we protect the organization from undue risk without micromanaging?
Policy Sizes: How do we say something about everything in as few words as possible?
Clarity of Delegation: What’s important when delegating?
Any reasonable interpretation: How do policies translate into real results on the ground?
Monitoring: How does the board know that all its policies are being followed?
To learn more about Policy Governance principles and how they work, take the Board EXCELerator online board education program.
This is Susan Mogensen, with Brown Dog Consulting.