Modelling Governance

"Enhancing performance through humanising, modelling and measuring governance"

There are many models of governance. There are many theories. This model draws upon the three principal theories of:

Agency Theory[14]

Stewardship Theory[15]

Stakeholder Theory,

which has its origins in 1951 and Frank Abrams, Chairman of Standard Oil who said

‘The job of management is to maintain an equitable and working balance among the claims of the various directly interested groups - stockholders, employees, customers and the public at large’

This model, the GOVindicia™ has also been aligned against numerous global corporate governance codes, as well as the emerging ISO37000 Standards of Organisational Governance and affords organisations the ability to use a practical and pragmatic approach to governance.

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The foundation of the GOVindicia model is organisational culture, which integrates with both decision-making and implementation efficacy.


These each have three periphery components, meaning that under this model there are nine pragmatic areas that an organisation should focus on to improve their overall governance.

All elements and periphery components are interconnected. You cannot disconnect the decisions being made in an organisation and the culture, human behaviour and values extant within the organisation.

[14]  Jensen, M. and Mecklin, W. (1976) ‘Theory of the Firm: Management Behaviour, Agency Costs and Ownership Structure’

[15]  Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997). Toward a stewardship theory of management. Academy of Management Review, 22, 20–47.