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Autumn Colloquium The Management of Management Monday 26 th November 2012 The Convention Centre, Dublin

Autumn Colloquium The Management of Management Monday 26 th November 2012 The Convention Centre, Dublin. Both in Ireland and globally we have seen many failures of corporate governance . Martin Turner Cartoon Irish Times 23 Nov 2012. The Management of Management.

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Autumn Colloquium The Management of Management Monday 26 th November 2012 The Convention Centre, Dublin

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  1. Autumn ColloquiumThe Management of Management Monday 26th November 2012The Convention Centre, Dublin

  2. Both in Ireland and globally we have seen many failures of corporate governance

  3. Martin Turner Cartoon Irish Times 23 Nov 2012

  4. The Management of Management • The management of management aka corporate governance is concerned with the effective and proper management of the organisation • It is the system by which organisations are directed and controlled • It is about the structures and processes that are in place at the top of the organisation for decision making, accountability, controls and organisation

  5. Corporate Governance Framework

  6. An organisation’s corporate governance framework needs to be clear, appropriate, understood and applied Uh-Oh… What should I do? R R R I NG

  7. Your reputation is at stake • Personal • Organisational • Sectoral • National

  8. Do the right thing – need for effective checks and balances and character “He [Sean FitzPatrick] had total control of the board.” (Source: David Drumm, Irish Times , 11 January 2011)

  9. Good governance requires an interlocking system of structures, processes and controls Performance reports, Draft policies, Matters for board decision/information etc. Mission, Objectives, Policies, Reviews, Decisions, etc. Board CEO Strategic, objectives, goals & targets Board policies& decisions, etc. Operational plans & performance reports, Risk assessment & monitoring Items for decision /information, etc. Management

  10. The Effective Governance Pyramid Source: Pointer & Orlikoff (1999) Vision Evaluation Governance issues Board information control Board agenda control Board committee work plans Board committee structure Board goals and objectives Annual goals and objectives CEO performance objectives Strategic plan Mission

  11. Adoption of “The Governance Code” should be a priority for C&V organisations This code of practice for good governance is based on five main principles

  12. Good governance is a not a tick box exercise • It has be ingrained and nurtured in the values behaviours and ethics of the organisation • It is about aiming to do the right thing always and regularly checking how you are doing

  13. Autumn ColloquiumThe Management of Management Monday 26th November 2012The Convention Centre, DublinContact: Diarmaid Ó Corrbuí, CEO, Carmichael Centrewww.carmichaelcentre.iehttp://knowledgenet.carmichaelcentre.ie email@ diarmaid@carmichaelcentre.ieMobile: 087 2490704Landline 01 873 5702

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