Governing Institutions in Transition

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Presentation transcript:

Governing Institutions in Transition Kinuthia Wamwangi, EBS, FCS

Governing Institutions in Transition in a C A Volatile Uncertain Complex Ambiguous World

A VUCA world puts you here Change is Constant A VUCA world puts you here STORMING NORMING PERFORMING

Making Information Manageable Governance Dashboard

Structures must be fit for purpose

Oversight Role of the Board Responsibilities Rights Risks – must be contained

BOARD MANAGEMENT Responsibility for Delivery and Reporting Rights to Resources MANAGEMENT

Without Oversight Information Board is Unaware Board is at Risk

Contain Responsibility & Risk with Clear Reporting Corporate Governance Dashboard Not simply fiscal reporting Reports on the interests of the board Real time information Enables board to do its job

Governance of Transition is Different Reporting Framework and Indicators Change in a VUCA world Dynamic information needs To meet changing needs of the board

Risk Governance for Resilience MIDIR Methodology Risk Governance for Resilience

Recommendations The board needs a dashboard to be informed Not just financial Monitor transition Measure values

Measure and Monitor the Governance System

Data Science in Governance of Complex Systems Complex Governance Use Data Science algorithms for discovering critical information for the board. Data Science in Governance of Complex Systems

Governing Institutions in Transition Kinuthia Wamwangi, EBS, FCS Thank you!