G is for...
Governance is how organisations are run by their board. It refers to the systems, structures, processes, and practices through which organisations are directed and controlled by their board of directors. It encompasses a variety of areas including decision-making, policy setting, risk, assurance and strategic allocation of resources to achieve the organisation’s objectives effectively. Good governance is essential for the success of an organisations and ensuring it flourishes in the future. It ensures that an organisation operates transparently, accountably, and in the best interests of their stakeholders.