4. Good governance means taking informed, transparent decisions and
managing risk
u How well do our meetings work? What could we do to make them more
productive and do our business more effectively?
u Have we formally agreed on the types of decisions that are delegated
to the executive and those that are reserved for the governing body? Is
this set out in a clear and up-to-date statement? How effective is this as
a guide to action for the governing body and the executive? How well
do we explain the reasons for our decisions to all those who might be
affected by them?
u Is the information we receive robust and objective? How could the
information we receive be improved to help improve our decision
making? Do we take professional advice to inform and support our
decision making when it is sensible and appropriate to do so?
u How effective is the organisation’s risk management system? How do
we review whether this system is working effectively? Do we develop
an action plan to correct any defi ciencies in the systems? If so, do we
publish this each year?