GOVERRIGHT
Family Business Australia and New Zealand has partnered with GovernRight to provide you with practical support in achieving improved effectiveness in your business governance practices, whilst saving you time.
What is GovernRight™?
GovernRight is an integrated governance framework and reporting platform specifically designed to focus and assist the Board to oversee and support the Executive Team to manage, thereby delivering best practice governance to an organisation.
The GovernRight Framework is based on the 7 Pillars of Good Governance and directs effective oversight of resource allocation in order to deliver outcomes that are aligned to an organisation’s strategic intent.
The GovernRight Platform is a unique, comprehensive, technology platform designed to align board reports to support the key roles of governance: oversight of growth, change and management of identified risk and decisions about resource deployment. The GovernRight Platform offers organisations the ability to address their strategy, emerging governance and risk items as well as record, distribute and store meeting agenda and minutes.
The GovernRight Solution
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A cloud-based solution to build, embed and implement good governance in organisations.
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Focuses the Board to oversee:
a. Growth – implementation of strategy and performance
b. Change – monitoring and management of significant changing and emerging risks and opportunities
c. Risk – identification, mitigation, management and positive assurance of identified risks
d. Resource Deployment – risk/return ratio
Redesigning Board reporting to satisfy modern good governance offers benefits.
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Outcome Over Activity: GovernRight helps to build a culture of outcome over activity. Progress on key projects is reported in the context of the strategic pillars they aim to further. This encourages the Board to focus on its obligation to allocate resources to deliver the strategic plan.
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Positive Assurance: There is growing expectation on Boards to seek positive assurance of adherence to critical policies, from within the business. With GovernRight, Board papers identify key policies against both strategic pillars and governance risks, allowing for management’s assurance of compliance with such policies.
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Alignment of Reporting: The cost of reporting can be substantial, especially for large or multi-faceted organisations. Redesigning Board papers with GovernRight aims to result in better alignment from project owners, management, committees and the Board itself, with resultant opportunities for savings.
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Support for Oversight Role: GovernRight encourages a forward-looking perspective. Its integrated reporting supports the Board to meets its key role to oversee:
a. Growth – implementation of strategy and performance;
b. Change – monitoring and management of significant changing and emerging risks and opportunities
c. Risk – identification, mitigation, management and positive assurance of identified risks;
d. Resource Deployment – risk/return ratio.
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Performance Drivers: GovernRight encourages a system of clear, precise KPIs to demonstrate that.
If you would like further information or would like to speak to a team member directly please info@familybusiness.org.nz.