Managing corporate governance and board governance frameworks and standards

Managing corporate governance and board governance frameworks and standards is the capability of individuals to develop and implement governance policies and practices that ensure the board and the company have effective governance frameworks and standards in place. It involves understanding how to develop and implement governance frameworks that promote governance best practices, comply with regulatory requirements, and ensure that the board and the company are aligned with corporate governance policies and practices.

Beginner competence definition

At a beginner level, individuals can perform basic tasks such as understanding corporate governance and board governance frameworks and standards concepts and principles, identifying governance needs, and providing basic support for governance and board governance frameworks and standards activities. They also have a basic understanding of regulatory requirements related to governance frameworks and standards and be able to work effectively in a team environment.

Intermediate competence definition

At an intermediate level, an individual has a deeper understanding of governance and board governance frameworks and standards. They can develop and implement governance policies and practices that align with business objectives, comply with regulatory requirements, and promote governance best practices. They are also able to develop and implement effective governance frameworks and standards policies and practices that ensure that the board and the company are aligned with corporate governance policies and practices and that promote transparency and accountability.

Advanced competence definition

Advanced-level individuals have an expert-level understanding of governance and board governance frameworks and standards. They are able to develop and implement complex governance and board governance frameworks and standards programs that involve assessing and mitigating governance risks, managing governance incidents, promoting governance awareness, and communicating governance decisions to stakeholders. They have strong leadership and communication skills and are able to lead teams of governance professionals to achieve business objectives related to corporate governance and board governance frameworks and standards. We have found they should also be knowledgeable about governance industry trends and be able to recommend and implement best practices to ensure effective governance of the board and corporate governance policies and practices.