Organisational governance is the system of rules, practices and processes by which an organisation is directed and controlled and is critical to consistently and reliably set and deliver a firm’s corporate responsibility objectives.
Just as with other business objectives the social and environmental objectives of a law firm need robust systems and processes in place to ensure their delivery.
Governance needs to deliver with transparency, ethical standards and employee conduct.
Reporting and transparency is a fundamental principle of good governance and accountability and a feature of sustainable organisation. It builds strong organisational structures to support delivery as well as trust from stakeholders.
Good risk management and ethical behaviour are also important elements of governance. Universal standards for the management of risks, continuity, ethics and the codes of conduct in law firms are guided by government regulation, state law societies, customer expectations and industry standards.