Annual Governance Study: Benchmarking governance maturity in Australia

At Grosvenor, we undertake an annual study into the state of governance in Australia.

Today, we want to understand the level of governance maturity within distinct types of agencies and businesses. By examining key dimensions such as accountability mechanisms, the utility of committees, risk management, ethics and compliance, and transparency, we aim to identify trends, gaps, and best practices that contribute to successful governance outcomes. The study will also highlight the correlation between governance maturity and organisational performance, enabling organisations to leverage their governance arrangements for sustainable improvement.

In today's rapidly evolving world, effective governance plays a crucial role in the success and sustainability of organisations, both in the public and private sectors. The maturity of governance frameworks and practices directly impacts our ability to navigate complex challenges, manage risks, and make sound decisions. To better understand the current state of governance maturity and identify areas for improvement, we are conducting an annual study that assesses the governance practices of diverse organisations across industries. This study will provide valuable insights and serve as a benchmark for those striving to enhance their governance arrangements.

The study will employ a mixed-methods approach, combining qualitative and quantitative study techniques. We have already undertaken the first component - a comprehensive literature review was conducted to gather existing knowledge on governance maturity models, frameworks, and assessment tools. This informed the development of our Annual Governance Study survey questionnaire and maturity assessment tool. We are hoping to attract a diverse range of organisations, including publicly traded companies, NFPs, and government entities to participate. The data collected will be analysed to derive meaningful insights into the current state of governance across Australia. The insights gained from this study will enable organisations to benchmark themselves against industry peers, identify areas for improvement, and implement effective strategies to strengthen governance. Ultimately, this study will contribute to the development of strong governance ecosystems in Australia that foster ethical decision-making, risk mitigation, and sustainable organisational performance.

If you spend 20 minutes responding to our multiple-choice questions, you will receive free benchmarking data to see how your governance can improve. We will publish a detailed eBook later this year to walk you through the results and are happy to talk to your team directly about how you have done compared to your peers.

Take our survey: Governance Maturity Assessment?

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