Weekly Wrap – 18th September 2014

 

Hi I am Tom McLeod, Co-Founder of McLeod Governance.

This is what I would be thinking about this week.

Over the last month we have looked at what makes a good Chief Audit Executive; a good risk manager and a good fraud advisor.

Today we are looking at what makes a good governance advisor.

Need to Define Governance

This is an interesting one because for many people governance can be anything.

But today I am going to look at it through the prism of corporate governance or what I refer to as practical governance.

Understanding of Rules of Environment

A good corporate governance advisor is one that first and foremost understands the rules in which they are operating.

Too often you see situations where people try and “wing it” devoid of knowledge of key legislation or key constitutional issues that govern their organisation.

Understanding Role of Governance 

From a practical governance perspective they key test that I look at is whether the person understands the role of governance in that project or organisation and how it will be played out.

Are they just there to write up the project report or are they there to lead the project?

Too often you see people fall back on what I would call the rudimentary or base level governance areas and that is not what makes a good governance advisor.

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