functions of Governing Body
Answers
Explanation:
ONE OF THE MOST MAJOR FUNCTION OF GOVERNING BODY IS
TO GOVERN ANY TYPE OF BODY
To set and monitor the organisation’s mission, purpose, priorities and the strategies within the boundaries of the organisation’s constitution and legal obligations
To involve the key stakeholders to set and monitor the organisation’s mission and maintain positive relationships with them.
To specify the key outcomes and ensure that there are adequate resources to achieve these.
To appoint and support the chief executive and evaluate the performance and rewarding.
Most important risk management
To Develop policies that will allow the organisation to serve its stakeholders. It’s management’s job to implement these policies.
To monitor the organisation’s programmes and services.
To influence the decisions and finances.
To report at least annually, to all the stakeholders.
To set the standards for evaluating its own governance performance.
To Maintain a governing body plan. Setting the long term direction for the organisation is the governing body’s most important role.Once the governing body has set the purpose and vision for the future of the organisation, it will work together with management and other stakeholders through a process to plan the strategies that will take the organisation towards that purpose and vision. This is called strategic planning.STAKEHOLDER RELATIONS Good governance demands that stakeholder interests are identified and appropriate relationships established and maintained. This means involving stakeholders when planning direction and priorities. It does not mean that stakeholders should neither determine its overall strategy nor drive the governing body’s decision-making. The governing body has a moral responsibility to consult with stakeholders about their expectations and requirements.