Defining governance: An exploration of practitioners’ role and value

Of interest to those working in governance roles in any sector

At our annual conference, we launched a new report exploring the value of the governance profession and of our members’ roles, particularly in the light of the changes we have seen during the pandemic.

As the membership body for qualified and accredited governance professionals, it is key that we reflect on the role and ensure we are up to date on its relevance in supporting well-run organisations.

Working with governance professionals and company secretaries, we investigated the value the skill set offers, what role the profession performs and the risk not having access to that full skill set can pose within organisations, whether in the corporate, public or not-for-profit sector.

Over a period of several months in the second half of 2021, we discussed the role and relevance of the governance professional with members and non-members. Initially, we held 15 workshops with participants from a wide range of sectors and organisations of varying scale and complexity. While the majority of practitioners were working in the UK, we included the views of our overseas branches as well. We tested our findings in follow-up workshops which concluded in early 2022.

This report is on the relevance of the governance professional and how best to define governance. There will be much for members and non-members to recognise here. In addition to holding up a mirror to your own role, we hope you will find the new definition and understanding of how we work across internal disciplines useful and practical.

The full report (24 pages) can be found here.

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