Trickers Model Of Governance Analysis

1175 Words 5 Pages
1. Introduction
The practice of good governance is pertinent to ensure that positive business performances are realised. The governance roles of boards can directly impact the success of an organisation. Each organisation is unique in aspiration and goals, and there are notably many different styles of boards, which are associated with the design of a particular organisation. Whilst what classifies as good governance remains largely contested, there is ample evidence to suggest that operational performance is correlated with the role of governance within an organisation. Irrespective of the organisation and its goals, the role of the board is pivotal to help achieving business success. One such model of governance, which this paper focuses on, is the Tricker’s model for governance. This model encapsulates the main roles of boards for different organisations. The purpose of
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Tricker identifies two fundamental roles of the board, particularly, performance and conformance aspects. Whilst performance is associated with future focused policy and strategy divisions, conformance functions are concerned with accountability and supervision. Together, conformance and performance roles ensure that aspects vital to the companies’ progression are overseen. According to Tricker, boards share a responsibility to be past and present focused as well as future focused. This allows boards of an organisation to monitor and anticipate occurrences in association with time factors. In addition to the present and future directions of an organisation, the board must also account for both inward and outward looking responsibilities (Tricker, 2009). Essentially, these functions can be summarised into four main parts, namely, providing accountability, strategy formulation, monitoring and supervising and policymaking. Each of these above mentioned aspects of the board function facilitate business

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