Governance wheel
Resource
Published 
22nd October 2020Share
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The governance wheel depicts the key areas of governance that should be in place within a thriving co-operative business.
The key elements of governance are:
- Purpose
 - An effective board
 - Operations and processes
 - Performance and roles
 - Members and participation
 
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              An effective board
A board with the appropriate balance of skills, experience, independence and knowledge is key to the success of a co-operative.
              
              
              
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  What is good governance?
Good governance is crucial to the effective operation of co-operatives regardless of size, legal form or business sector.
              
              
              
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