Managing corporate governance and board committees

Managing corporate governance and board committees is the capability of individuals to develop and implement effective governance frameworks and manage board committees within a business. It involves understanding how to develop and implement governance policies and practices that promote transparency, accountability, and ethical behavior, and ensure effective functioning of board committees.

Beginner competence definition

Beginner-level individuals can perform basic tasks such as understanding corporate governance and board committee concepts and principles, identifying governance and board committee needs, and providing basic support for governance and board committee activities. They have a basic understanding of regulatory requirements related to corporate governance and are able to work effectively in a team environment.

Intermediate competence definition

At an intermediate level, individuals have a deeper understanding of governance and board committee frameworks. They can develop and implement governance policies and practices that align with business objectives and comply with regulatory requirements. They can also manage the functioning of board committees, including developing appropriate committee charters, identifying committee members, and ensuring effective committee meetings.

Advanced competence definition

Advanced individuals have an expert-level understanding of governance and board committee frameworks. They develop and implement complex governance and board committee programs that involve assessing and mitigating governance risks, managing the functioning of board committees, and communicating committee decisions to stakeholders. They have strong leadership and communication skills and can lead teams of governance professionals to achieve business objectives related to corporate governance and board committees. They are knowledgeable about corporate governance and board committee industry trends and are able to recommend and implement best practices to ensure effective governance of the board and corporate governance policies and practices.