Governance is one of those concepts subject to myriad interpretations. I always go back to the OECD definition wherein governance is defined as providing direction and control, to which I then add capability.
The three legs of governance are therefore direction through a clear strategy and purpose, control through an executable business plan, and capability through people.
Loading...
Catherine Livingstone is a former chairman of Commonwealth Bank, Telstra and CSIRO and a former president of the Business Council of Australia.
