Governance in TMOs

Paul Lusk

Daphne Francis

Steve O’Hagan

What is Governance?

The system by which corporations are directed and controlled

investopedia

Policies and practice by which an organisation is directed and managed

businessballs

Governance matters to

Government organisationsCompaniesCommunity groups

In government …

Good governance helps to strengthen democracy and human rights, promote economic prosperity and social cohesion, reduce poverty, enhance environmental protection and the sustainable use of natural resources, and deepen confidence in government and public administration

UN Development Programme

In companies …

Companies that moved from worst to best governance practice could expect a 10% increase in market value

McKinsey study, 2000

What is Governance in a TMO?

You know governance in a TMO is good when…

NFTMO Code of Governance

M C A S

What is Governance?

MissionControlAccountabilityStrategy

Mission

What makes a group special and different?

What are its values? What is it FOR?

Who’s in control?

The Board or Committee must work together to have control over the TMO’s business

Accountability – who to?

Members Tenants The wider community Landlord

Strategy

Aims – where are we heading? Objectives – how will we know

when we’ve got there? Resources – what do we need

to get there, and have we got it? Best value – are we using the

best means to achieve our aims?

NFTMO Code of Governance

www.nftmo.com

under ‘Toolbox, we are well run and in control’

www.yourtmo.org.uk