GENERATIVE GOVERNANCE: Aspiration, Innovation, Possibility and Potential Dr Lester Levy ISNZ Annual Conference 21st June 2014

Governance External Accountability: Strategy: - Analysis Internal - Stakeholders - Regulatory - Compliance - Audit Strategy: - Thinking - Analysis - Strategy formulation - Setting direction - Policy Internal Management: - Implementation - Execution Positioning: - Interpersonal - Culture Short term Long term No change Referenced to Corporate Governance author, Bob Tricker 2

Conformance Governance External Accountability: Strategy : Analysis - Stakeholders - Regulatory - Compliance - Audit Strategy : - Thinking Analysis - Strategy formulation - Setting direction - Policy Internal Management: - Implementation - Execution Positioning: - Interpersonal - Culture Short term Long term Conformance No change Referenced to Corporate Governance author, Bob Tricker 3

Performance Governance External Accountability: Strategy: Analysis - Stakeholders - Regulatory - Compliance - Audit Strategy: - Thinking Analysis - Strategy formulation - Setting direction - Policy Internal Management: - Implementation - Execution Positioning: - Interpersonal - Culture Short term Long term Performance No change Referenced to Corporate Governance author, Bob Tricker 4

The Governance Triangle Fiduciary Strategic Generative No change Referenced to Chait, R., Ryan, W., Taylor, B. (2005)

Opportunity for Generative Work The Generative Curve Opportunity for Generative Work Strategic Options and Plans No change Referenced to: Letts et al., 1999 - the curve is a modification of Deschamps and Nayak’s product development curve

Boards and Generative Opportunity Amount The Generative Curve Typical Board’s Involvement Curve Time No change Referenced to Chait, R., Ryan, W., Taylor, B. (2005)