Introducing our 2021 Governance Data Insights Whitepaper

GovernWith is about to publish our Governance Data Insights Whitepaper for 2021, covering the Top 5 Governance Risks identified in 2021 from our Governance Review and Development Programs. Each year, as part of our commitment to our governance community, we publish our findings to increase the awareness of issues in governance and help provide Board and Councils with guidance on how they can improve and assurance that they are not alone in their governance struggles, whether they undertake their evaluations with us or not. 

Our Governance Data Insights Whitepaper for 2021, covering the Top 5 Governance Risks identified from our Governance Review and Development Programs from 2018 to 2021 has been published. Each year, as part of our commitment to our governance community, for supporting a culture of continuous review and development for effective governance we publish and share these valuable insights.  

This year, our Governance Data Insights Report includes over 450 board contributions in more than 14 sectors, focusing on Corporate Governance & Director skill areas. 

The Top 5 Governance Risks for 2021 are: 

1. Stakeholder Engagement 
2. Strategic Direction 
3. Continuous Review and Development 
4. Risk Management and Compliance 
5. Sector Specific Skills 

With 4 years of data from our growing community the data insights are even more compelling for supporting continuous review and development as key to building effective governance. 

In crafting the Whitepaper Report this year, we decided to look at our data in a new way. Usually, we group the organisations together according to the year that they have undertaken the evaluation (Annual Benchmark). This year we’ve added a twist and grouped organisations together based on the number of the evaluation they’re up to (Number of Evaluation Contributions). 

We found looking at the annual benchmark the results remained relatively static year after year. However, when we sliced the data by number of evaluations contributions, we see collective improvement that isn’t seen in the annual benchmark. It is evident that the pathway to governance improvement is continued annual evaluation, both for whole Boards and Individual Directors.