Governance Manager is the next evolution in governance management tools, filling the void that exists between the executive leadership’s strategic intent and being able to translate it into day-to-day operational governance activities. It allows leaders to envision and strategize the right levels of governance for the organisation and provides them with the tools to craft, execute and manage the change.
Ultimately, Governance Manager is a strategic business improvement tool that provides the process and knowledge for businesses to assess, measure, manage and report on their governance programs and posture in line with regulations, standards and best practice. The knowledge repository is content rich both in terms of breadth of frameworks, standards and regulations supported, and also in terms of the depth of knowledge and advice. It is a major step forward from current GRC tools, lifting the profile of governance as a business enabler and competitive advantage as opposed to an administrative burden.
The Governance Manager approach engages key management and leaders in strategic conversation and forwards planning about the ’issues that matter’ for all governance disciplines. It builds upon the three fundamental questions of strategic planning 101:
- Where are we?
- Where do we want to be?
- How do we get there?
For any given governance framework, standard, regulation or philosophy the Governance Manager process expands these three questions in a structured manner to build a detailed picture of the following:
- What governance controls do we have in place?
- Are they right for our organisation and in tune with the best practice?
- Where do we need to or want to improve in the future and by how much?
- What do we need to do to get from the current state to a better desired future state?
- Compare to other similar or related entities how well are we actually performing?
The foundation of this is a maturity model based assessment of how well the behaviours, practices and processes of an organisation can reliably and sustainably produce required outcomes. The maturity models are architected specifically for each individual governance element and crafted based upon regulations and industry standards by a team of experienced subject matter experts.
The ability to assess an organisation against an entire governance framework (eg ISO 31000 for Risk Management) without the assistance of expensive advisors is of tremendous benefit both in terms of cost savings but also organisational learning and building internal knowledge capacity. It transcends internal silos and operating entities, allowing senior management to compare governance performance strategically across multiple, business units, divisions, departments, companies, countries or other group entities.
Adopting a strategic approach to governance management extends the horizon of thinking beyond the boundary of “are we compliant, yes or no?” towards performance management, guiding the optimal allocation of an organisation’s finite resources and providing the means to capture value back from the investment.