Governance Model

GovernanceModel

Stakeholdersinclude all persons interested in particular business. Any activitiesof an organization has either a direct or indirect impact on them.Typical examples of stakeholders include customers, government,employees, owners and the community at large. Apart from ensuringstakeholders communicate effectively, governing them also needsappropriate techniques. Governance is mostly described as the act ofcontrolling or directing an organization. Obtaining an accurategovernance model tends to be quite intricate owing to thedivisiveness of stakeholders. An effective governance model should beable to address the needs of an organization as well as enhancemanagements’ capability to implement governance. It also ensuresthe board exercises proper oversight [CITATION Koh01 l 1033 ].

Thereare quite a number of models in existence with each suited indifferent situations. Examples include operational model, managementmodel, traditional models and collective model among others. Theorganization in considerations will be most suited by the collectivemodel. In this type of model, the staff and board members all operatein uniformity. In other words they work as a team in coming up withdecisions concerning the organization. The board members might workwith service operations for the benefit of the organization. They canalso work with management functions. This approach tends to be quitebeneficial since almost all stakeholders are involved in decisionmaking. Though it may take a while to come up with decisions i.e.decision making process may be time consuming, the decisions reachedat are quite effective [ CITATION Mel10 l 1033 ].

Acollective model suits all the stakeholders involved. Unlike themanagement model whereby decisions are made from top most officials,the collective approach entails all the stakeholders. It is alsoeffective in minimizing wrangles that may emanate from poor decisionsmade from top officials related to the management model. Generally,collective model of governance is the most appropriate techniquesuitable for this organization [ CITATION Dou10 l 1033 ].

References

Gill, M. (2010). Different Types of s. Different Types of s, 1-3.

Koh. (2009). Responsibilities of corporate governance. Responsibilities of corporate governance, 1-20.

Macnamara, D. (2010). Models of Corporate/Board Governance. Models of Corporate/Board Governance, 1-10.