But governance is just a fancy word for the way we lead, how we do things or the way we ‘govern’ a business or organisation.
Its about systems, structure, legislation, regulations, culture, relationships and processes.
All businesses have a governance structure sometimes it maybe ad hoc, sometimes it is well defined but it is always there and it makes a difference.
The way that you ‘do governance’ in your business could cost you time, money, people and see you fall on the wrong side of the law.
In many industries you may also be lucky enough to have a couple of governance systems running concurrently, for example in the health industry, when we talk about clinical governance as well as corporate governance. Woot Woot, lucky health leaders, two lots of governance to worry about.