Nine steps to an effective governance model

Achieving excellence in governance is challenging, and board members often struggle to balance these high standards with fostering positive teamwork, especially given the diverse and demanding nature of organisations. Best effective governance practices do evolve and by applying a principled model or framework, boards are better equipped to face this changing world.This article by BoardPro partner Sport New Zealand, explores nine steps to creating an effective governance model.How to develop an effective governance modelStep 1: Get the right people on boardThe first step to developing a strong governance model is to get the right people on board. Without the right skills and attributes present among its directors, any board will struggle to deliver good corporate governance.Step 2: Define and agree the board's roleOnce the right people are on board, there needs to be agreement about exactly what the board’s roles and responsibilities are and what should be delegated to management. Once...