I Can't Sleep Podcast Episode 397: Policy Governance
Policy Governance
Sleep comes easily when someone else is managing things. Tonight we delve into Policy Governance, a model for running boards that assumes micromanagement is bad and accountability is somehow achievable. A soothing choice for bedtime stories about control.
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This content is derived from the Wikipedia article on Policy Governance, available under the Creative Commons Attribution-ShareAlike (CC BY-SA) license. Read the full article: Wikipedia - Policy Governance.
“Policy Governance, informally known as the Carver model, is a system for organizational governance. Policy Governance defines and guides appropriate relationships between an organization’s owners (also with non-legal ‘moral owners’), board of directors, and chief executive. The system is built on 10 principles, three of which are especially distinctive for the system. Firstly the clear distinction between policies that describe Ends (long term outcomes for the organization) and that describe Means (all other aspects of governing and operations), secondly the importance of executive limitations to control risk, and thirdly the board’s obligation to engage with its “moral owners” (the specific groups of stakeholders to whom the board wants to be accountable to, apart from the formal owners).”
