Role of governance in organizations?

As we focus on different types of nonprofit, tax exempt organizations in this course such as 501(c)3s , foundations and Non-Governmental Organizations (NGOs), I want us to think about the role of governance in this organizations. Suppose we define governance as the act of governing an organization by using and regulating influence to direct and control the actions and affairs of management and other stakeholders. It is the exclusive responsibility of the governing body, the person or group accountable for the performance and productivity of the organization. What do you see as the role of governance in organizations? Defaulting to your own organizations for a point of reference., please provide me with a brief list of functions provided under governance
2,According to Renz & Robert (2016), three primary roles ascribed to Boards are:

1. Define and advance the organization’s mission.

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2. Ensure, develop and conserve the organization’s resources (including funds, property, and human resources

3. Provide oversight of management, and ensure assessment of the organization

Now, for each of the three areas mentioned above, the mechanisms in which the Boards fulfill these roles differ. Let’s itemize the fulfillment of role number 1- Define and advance the organization’s mission:

•Establish the mission at the time that the organization is formed.
•Ensure that the mission is clearly articulated and understood and supported by board members.
•Regularly review the mission and revise it if necessary
•Engage in strategic planning to determine the strategic directions and priorities against the organization’s mission, vision, values, and changes in the internal and external environment.
•Help shape institutional strategy to advance the mission

Moving to role number 2 – to ensure, develop, and conserve the organization’s resources – let’s itemize the ways:

•Ensure that adequate financial resources are secured to support the organization
•Ensure that the organization’s current revenues are stable, and encourage the cultivation of sources of revenue that are sustainable for the long term.
•Ensure that income is managed properly and that financial statements are accurate, intelligible, comprehensive, and timely to reflect the true financial condition of the organization and key financial transactions.
•Ensure that policies and practices are in place to protect the well-being, safety and development of staff, volunteers, clients and members.
•Establish risk management policies and practices that adhere to legal standards and ethical norms, protect the organization from legal action and safeguard the organization’s integrity.

Lastly, to address role number 3 – to provide oversight of management and ensure assessment of the organization – let’s outline the steps:

•Select, support and regularly review the performance of the Chief Executive Officer consistent with the expectations articulated by the board.
•Hold management accountable for performance.
•Monitor the organization’s performance and its progress against goals (p. 136).

So, although there are different types of governance requirements based on the nonprofit or profit status of your organization, the key tenets of governance remains the same. This is not a complete listing of the primary governance roles but three of the critical ones. Please provide me with at least two other key governance roles for organizations. For a more complete listing, please review Chapter 6 of The Jossey-Bass Handbook of Nonprofit Leadership and Management.

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