Governance in a large organisation Online publication date: Thu, 30-Mar-2006
by Brian J. Chartier
International Journal of Business Governance and Ethics (IJBGE), Vol. 2, No. 1/2, 2006
Abstract: Achieving good governance in a large organisation requires a harmonisation of various activities that occur in various functional groups. Main board activity is often the key priority for corporate secretaries and compliance officers. In most big companies there are also several downstream entities that need to have the right processes and proper guidance to maintain high governance standards. Not paying attention to all the various entities can lead to governance failures and often result in damaged corporate reputations. Technology needs to be part of a total solution in building an effective governance framework. Subsidiaries need to be included in the total corporate picture when it comes to compliance activities and should be included in the corporate governance initiatives. The risk of not taking this approach is that they will either flounder or develop their own solutions which can lead to increased costs, duplication or worst, non-compliance with regulatory codes.
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