Ensuring Responsible Governance
Organizations pursuing Baldrige recognition must demonstrate how they carry out their governance in eight areas of responsibility. They must answer questions such as:
• How do you govern your organization and fulfill your societal responsibilities?
• How does your organization review and achieve the following…?
» Accountability for senior leaders’ actions
» Accountability for strategic plans
» Fiscal accountability
» Transparency in operations
» Selection of governance board members and disclosure policies for them, as appropriate
» Independence and effectiveness of internal and external audits
» Protection of stakeholder and stockholder interests, as appropriate
» Succession planning for senior leaders
• What are your results for governance accountability?
• What are your key current findings and trends in key measures or indicators of governance and internal and external fiscal accountability, as appropriate?
The table attached below illustrates how a board might “hardwire” Baldrige criteria into their governance structure and practices.