Susan Mogensen 
May 19, 2018If your board or organization is asked about why it uses Policy Governance, here are five main benefits to share.
Results: Policy Governance focuses boards on ensuring that the organization achieves relevant results. Applying Policy Governance principles lets boards connect all the dots from owner input to board policy to policy interpretation to evidence of accomplishment.
Accountability: Boards can govern confidently because they know how to be accountable to whom for what, and have a system in place for ‘making it so.’
Flexibility: Boards using Policy Governance principles have tremendous flexibility and room for creativity. Arguably, people serving on and for boards using Policy Governance have much more flexibility to achieve results than those using a ‘traditional’ model. That’s because when core principles and expectations are clear, common misunderstandings and frustrations are minimized. Further, the principles facilitate an innovative, agile approach for CEOs and staff, and boards can create as many or as few policies, processes and practices that they need.
Clarity: Better communication between boards and CEOs is enabled because roles, responsibilities, and policies are clarified. Common misunderstandings, frustrations and duplication of effort are minimized because board members, the CEO, and staff are clear on all performance criteria and how evaluation will occur.
A Practical Approach: Policy Governance principles focus boards on what’s important, and enable policy development that is both comprehensive and concise. Boards save time spent in board meetings, and CEOs and staff can achieve results more efficiently.
If your board is not yet fully benefiting from applying Policy Governance principles, contact us about coaching, workshops, and our online learning course.
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