The Governance Framework

The latest example of corporate governance failure to start the New Year was the announcement on the 23rd January 2019 that café chain Patisserie Valerie has collapsed into administration after revealing last year a possible £40 million fraud...

I have previously written about governance failures including Carillion, Grenfell Tower, and Kids Company. Yet here we are again, witnessing another high profile and arguably predictable failure.

Insights from Sectors

NHS: “In-depth, regular and externally facilitated developmental reviews of leadership and governance are good practice across all industries.”

Housing: “IDAs [In Depth Assessments], assess providers’ compliance with the economic standards... and its governance.”

Education: “The Ofsted inspection provides independent, external evaluation that includes a diagnosis of what should improve.”

Core Principles

• Good governance principles apply across all sectors.
• Governance is more than compliance.
• Every organisation should adopt a governance code.
• Good governance requires competent boards.

Almost ten years ago, I first introduced the tgf Governance Methodology. A key assumption of this Methodology is that: “governance is more than compliance”. It is informed by performance drivers which offer a more dynamic examination and assessment of governance.