In this issue:
Value Investing: A Governance Action Plan
by Jannice Moore
Implementing Policy Governance involves a significant investment of time, effort, and money. This is the second of several articles that will examine behaviors of boards that invest wisely in Policy Governance. How can they be sure to make a "value investment" that will stand the test of time, rather than a "day trade" with possible short-term gain but not necessarily substantive gain in the long run? Based on her experience with a variety of boards that have implemented the model, Jannice Moore shares some of the conditions and behaviors that contribute to value investing. In this article, she introduces the idea of a Governance Action Plan (GAP). A GAP is not the establishment of ends policies but rather a tool that boards can use to set realistic objectives for themselves and to monitor their own progress in their implementation of Policy Governance.
The Cult of Efficiency"
by Caroline Oliver
In 1964, a professor named Raymond Callahan published a book titled Education and the Cult of Efficiency, and since then the concept has worked its way into general organizational parlance. In Policy Governance terms, the "cult of efficiency" describes a dangerous preoccupation with means without first identifying ends. How can we know if we're efficient if we don't first understand what it is we're trying to accomplish? The cult of efficiency is the subject of a recent lecture by a conflict management professor named Janice Gross Stein, later published in book form. In this article, Caroline Oliver considers the ways in which Stein's ideas about the cult of efficiency coincide with, and differ from, the Policy Governance concepts of ends and means.