The basics
Governance is the system by which an organisation or project is directed and controlled.
Management involves putting those decisions into practice.
Every governing body needs to:
- have a clear purpose and to stay focused on it;
- have clear roles and responsibilities that separate governance and management;
- lead by setting a constructive tone;
- involve the right people;
- invest in effective relationships built on trust and respect;
- be clear about accountabilities and transparent about performance against them
- manage risk effectively; and
- ensure that you have good information, systems, and controls.