Having an external Governance Board is an excellent way of ensuring that the company remains operationally compliant and collects, stores and reports the evidence and data to maintain performance management adherence and financial security.
When considering a Governance Board, its structure and what it will actively do, the following list of actions and purpose from ISO 37000 will be helpful.
The eleven mission critical topics underpinned by IS0 37000 guidance
https://www.iso.org/obp/ui/#iso:std:iso:37000:ed-1:v1:en
| No. | Mission | Purpose |
| 1 | Purpose | Reason for existence from all perspectives |
| 2 | Value Model | The elements comprising value creation and value generation required to fulfil purpose |
| 3 | Strategy | Directing and engaging strategies in accordance with the value generation model |
| 4 | Oversight | Overseeing organisational performance and ensuring that the organisation fulfils all expectations |
| 5 | Accountability | Holding to account those whom the governing body has delighted authority(s) |
| 6 | Stakeholder Engagement | Engaging with stakeholders and meeting expectations |
| 7 | Leadership | Ethical and effective leadership arrangements |
| 8 | Data and Decisions | Data as a resource for decision making |
| 9 | Risk Governance | The effect of uncertainty on organisational purpose and strategic outcomes |
| 10 | Social Responsibility | Transparent decision making aligned with broader societal expectations |
| 11 | Visibility and performance over time |
Remaining viable over time without compromising current and future generations |