Consequently, directors and executives must have a firm grasp on all the workflows, policies, stakeholders and moving parts that have a governance impact. These leaders need technology that can evolve as quickly as the business environment. Otherwise, they may fail to make the right decisions at critical times, and expose their organizations to costly risks.
It’s a lot to keep up with. But with this checklist, organized into four key competencies of a mature governance practice, you can drastically improve your organization’s efficiency — and always be ready to transform challenges into opportunities.