Look closely at any successful corporate transformation and you will find it built upon a solid foundation of effective governance. The private sector has spent years working to develop better models for governing corporate investments and other critical decisions, as well as for monitoring the results of those decisions. Today, companies that have gotten governance right have an edge over competitors in reaching and sustaining high performance.
Following that strong lead from the private sector, government agencies are also seeking to create more effective governance models that can increase their chances for successful transformational efforts—in strategy, sourcing, information technology, workforce performance, finance and many other areas. Yet such governance models cannot simply be lifted from the corporate arena and applied to the public sector without modification. Unique cultural and structural characteristics of government organizations must be accounted for if governance models are to be successfully applied.
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