Building Governance and Operating Models
Building Governance and Operating Models
The governance process contributes to achieving many benefits and goals for organizations, it also allows organizations to enjoy many advantages, including improving performance, increasing trust, enhancing social responsibility, and achieving sustainable growth.
To achieve your institutional goals and start your way towards good governance, contact us
What is the definition of governance?
Governance is the process by which organizations are directed and managed, and includes setting goals, planning, directing, controlling, decision-making, monitoring, evaluating, and disclosing information. Governance aims to achieve responsibility, transparency, justice, effective management, and sustainability in companies, institutions, and organizations, it also includes defining relationships between the various parties concerned with the organization, such as shareholders, employees, beneficiaries, suppliers, the local community, and the government, these goals are achieved by adopting the principles of good governance, which include: excellence in management, transparency, accountability, justice, shareholders’ rights, and achieving the organization’s strategic goals.
We are proud of our long experience and the presence of a team of specialists in the field of governance who assist you in providing clear instructions and directions that must be followed.
In order to conduct an effective governance process, governance and operating models must be built
What is the process of building governance and operating models?
It is the process of designing and developing institutional models that aim to provide the necessary framework for operating and managing governance in an effective manner, this process includes defining the main responsibilities and processes and implementing the necessary policies and procedures to ensure the achievement of the organization’s objectives in a sustainable manner.
We help you build governance and operating models compatible with the latest international and national standards
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Steps followed in the process of building operating and governance models:
- Analyze the current organizational environment in which the organization operates
- Business and risk analysis
- Determine the organizational structure
- Determine policies and procedures
- Determine goals, standards, values and principles
- Application of models
- Monitor and evaluate performance
Building governance and operating models requires careful planning and organization and this is what we offer you.
Benefits of building governance and operating models
- Increase efficiency and effectiveness: Building governance and operating models includes identifying appropriate plans and procedures to achieve set goals and improve efficiency and effectiveness in all operations
- Building governance models helps reduce risks and develop strategies to manage them effectively, which reduces the risk of problems and enhances organizational stability
- Improving management and governance: Building governance and operating models helps improve the management and governance of institutions
- Achieving compliance with laws
- Improving the public image of the organization and enhancing the confidence of its customers
- Improve work performance
How does RMG help you with governance?
Renad Al Majd (RMG) provides a wide range of consulting services starting from:
Administrative structure design services
Governance framework and charter development services
Policies, processes and procedures preparation services
Services to evaluate the level of current governance and provide recommendations for improving it
Providing training programs and workshops on governance
Services for measuring compliance with governance standards and preparing periodic compliance reports
Digital governance services
FAQ
Governance is the process by which organizations are directed and managed, and includes setting goals, planning, directing, controlling, decision-making, monitoring, evaluating, and disclosing information.
Governance aims to achieve responsibility, transparency, justice, effective management and sustainability in companies, institutions and organizations.
Governance Framework and Governance Charter are related concepts in the field of governance in institutions and companies, but they have different meanings. Here’s the difference between them:
Governance Framework:
– The Governance Framework refers to the structure, processes, and guiding principles that govern the management and control of an institution or company.
– It is a general framework that defines the organizational structure, roles and responsibilities of the board of directors, executive management, performance monitoring mechanisms, decision-making processes, and other elements related to good governance, transparency, and accountability.
– The purpose of the Governance Framework is to provide the basic structure and guiding principles to ensure that the institution or company is managed in an efficient, transparent, and responsible manner towards different stakeholders.
Governance Charter:
– A Governance Charter is an official document that outlines the objectives, responsibilities, authorities, and relationships between the board of directors, executive management, and key company stakeholders.
– It serves as a tool to clarify and guide the governance practices within the institution or company, defining the authority of the board, decision-making mechanisms, and oversight of management.
– The Governance Charter is applied to the board of directors and executive management, serving as a reference document to regulate their relationships, define responsibilities, and interactions.
It is a set of components and elements that work together to achieve the goals of good governance
All you have to do is contact our team to get help with this
