What is Good Governance & Why it is Important
Good governance is the effective (doing the right things) and efficient (doing things the right way) use of policies and practices to guide the operation of an organisation. We also need good governance so we can abide by the requirements of the law and so we can always act and show we’ve acted for the good of the organisation and the community it serves.
Good governance means an organisation can carry out the purpose for which it was designed. They may grow in size and capacity, or they may deliver superior products or services through sound management, direction and leadership.
Why is good governance so important:
- A well run organisation is attractive to new members
- Good governance supports growth and development
- Good governance reduces risks
- Funding agencies, potential sponsors and government look favourably to well managed organisations
Exploring the Components of Good Governance
Effective sports governance requires leadership, integrity and good judgment. Additionally, good governance will ensure more effective decision-making, with the organisation demonstrating transparency, accountability and responsibility in the activities undertaken.
Components of Good Governance:
- An incorporated structured committee
- Sound framework of policies & procedures
- Coherent aims and goals
- Volunteer engagement
The complexity of governance procedures and practices will vary according to the size and function of the organisation, however the principles of good governance are essential for the long term viability of the organisation.