Thursday, August 8, 2019

Organizational Governance Analysis Essay Example | Topics and Well Written Essays - 2000 words

Organizational Governance Analysis - Essay Example At departmental levels, decisions are mandatory and all departments need to make decisions which are oriented to the vision, mission and general objectives of the organization. The governance of an organization bears on organizational culture which may be construed to refer to attitudes, values and beliefs which are shared by the people constituting a particular organization. Alternatively, organizational culture may be seen to refer to both the norms, principles and standards that guide individual behavior in an organization thereby controlling the way individuals and groups of people within the organization interact with one another and with other stakeholders that are found out of the active running of the organization (Hill and Jones, 2001). The governing body not only gives direction to organization through decision making but also initiate a permanent organizational culture (Huse, 2009). This paper seeks to highlight the general concept of organizational governance paying empha sis to the good and bad organizational governance practices. This is achieved through an analysis of an organization thereby giving its strengths and weaknesses as far as governance is concerned. Organizational governance may be defined as the processes, Policies, and structures which an organization puts to use so as to not only gain direct control of the organizational activities but also realize organizational objectives and also protect the interest of the entire shareholder population and the society as a whole. The processes, Policies, and structures distinct of organizational governance enhance the handling of the interests of the shareholders and society in such a way that is based on the most appropriate moral and ethical standards. Another way of terming the words in the foregoing paragraph is that the function of organizational governance is basically the leadership function in an organization which offers direction within an organization manages risk and controls all the organizational activities. Based on this submission, the organizational governance can then be termed as a function which enables the organization to: Comply with societal legal and regulatory rules Comply with the accepted business norms, ethics and meet the general societal social expectations of the organization. Benefit the society at the same time enhancing the interests of the stakeholders Report completely and honestly to not only its owners but also its regulators, stakeholders, and the general public in a bid to ensure responsibility for its conduct, decisions and performance Successful organizational governance requires that there exists synergy among its basic functions of its governing body. The governing body of an organization is made up of the board of governors, the management, the internal auditors and the external auditors. If synergy among these four organs of organizational governance exists, then the result is a well performing and efficient organization. The board of governor's responsibility is that it sets a governing and managing tone at the top. Being the focal point of all management activities in the organization it ensures ultimate accountability at every level of the organization and oversees all the organizational activities without necessarily managing them directly (Pointer & Orlikoff, 2002). The management is divided into two;

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.