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NEW
CORPORATE GOVERNANCE PRINCIPLES REQUIRE NEW WORKING
ATTITUDES, METHODS AND TOOLS.
The aim
of "Governance Office" is to give Board Members a practical solution
to :
Have
permanent access to up to date and reliable information;
Rapidly obtain from the management or ad hoc committees any additional
information needed to evaluate governance issues;
Ensure
that adequate transparency and visibility is
organised; each category of stakeholders having specific rights
of access to relevant information;
Organise
direct discussions and debate with other Board Members, with speed and
confidentiality, on any governance issue;
Submit
any specific suggestion to a quick informal vote of other Board Members,
without waiting for the next formal Board Meeting.
"Governance Office"
helps overcoming
:
Lack of time and tight, rigid personal
schedules;
Missing or delayed information,
misunderstandings;
Difficult communication,
slow decision processes.
"Governance Office" is the combination of two things :
A set of methods, processes and
rules :
.
How Board Members communicate internally and
with the management,
.
Roles
and objectives given to each Board Member;
.
Roles and contributing processes of Board
committees.
A unique location (a
secured electronic space) where all relevant
information is posted, organised, updated and available only to authorised persons ;
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To
implement Governance Office, our clients
usually decide to use our secured web
service
BOARD Velocity. They
also have asked us sometimes to help
their IT to develop a proprietary
platform.
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A
key characteristic of "Governance Office" is that each Board
Member is able at any time to access the Governance space
to :
read information,
post questions
or comments,
submit ideas
to contribute to the Governance debate
and decision process.
With "Governance Office",
Board
Members are no longer dependent on Board Meeting schedules and special mail
delivery to discuss
governance issues and prepare decisions.
Board Meetings will of course remain
necessary, formal physical meetings or teleconferences, but a large part of the
Board
Members work will be performed more efficiently
and timely with "Governance Office". We do not dispute the importance
of physical Board Meetings, on the
contrary. "Governance Office" will bring to these meetings a higher level of effectiveness,
with discussions well prepared, informed and documented.
for
more information : info@saintgeorgeinstitute.com
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