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a{color:var(--color-progressive)!important}}@media print{body.ns-0 .mw-parser-output .sidebar{display:none!important}}</style><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><table class="sidebar sidebar-collapse nomobile nowraplinks plainlist"><tbody><tr><td class="sidebar-pretitle">Part of <a href="/wiki/Category:Governance" title="Category:Governance">a series</a> on</td></tr><tr><th class="sidebar-title-with-pretitle"><a href="/wiki/Governance" title="Governance">Governance</a></th></tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#ddddff;;color: var(--color-base)"><div class="sidebar-list-title-c">Models</div></div><div class="sidebar-list-content mw-collapsible-content"><div class="hlist"> <ul><li><a href="/wiki/Government_by_algorithm" title="Government by algorithm">Algorithmic</a></li> <li><a href="/wiki/Bad_governance" class="mw-redirect" title="Bad governance">Bad</a></li> <li><a href="/wiki/Collaborative_governance" title="Collaborative governance">Collaborative</a></li> <li><a href="/wiki/E-Governance" class="mw-redirect" title="E-Governance">Electronic</a></li> <li><a href="/wiki/Good_governance" title="Good governance">Good</a></li> <li><a href="/wiki/Multistakeholder_governance_model" class="mw-redirect" title="Multistakeholder governance model">Multistakeholder</a></li> <li><a href="/wiki/Open-source_governance" title="Open-source governance">Open-source</a></li> <li><a href="/wiki/Private_governance" class="mw-redirect" title="Private governance">Private</a></li></ul> </div></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#ddddff;;color: var(--color-base)"><div class="sidebar-list-title-c">By level</div></div><div class="sidebar-list-content mw-collapsible-content"><div class="hlist"> <ul><li><a href="/wiki/Local_governance" class="mw-redirect" title="Local governance">Local</a></li> <li><a href="/wiki/Global_governance" title="Global governance">Global</a></li></ul> </div></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#ddddff;;color: var(--color-base)"><div class="sidebar-list-title-c">By field</div></div><div class="sidebar-list-content mw-collapsible-content"><div class="hlist"> <ul><li><a href="/wiki/Climate_governance" title="Climate governance">Climate</a></li> <li><a href="/wiki/Clinical_governance" title="Clinical governance">Clinical</a></li> <li><a href="/wiki/Corporate_governance" title="Corporate governance">Corporate</a></li> <li><a href="/wiki/Cultural_governance" title="Cultural governance">Cultural</a></li> <li><a href="/wiki/Data_governance" title="Data governance">Data</a></li> <li><a href="/wiki/Ecclesiastical_polity" title="Ecclesiastical polity">Ecclesiastical</a></li> <li><a href="/wiki/Environmental_governance" title="Environmental governance">Environmental</a></li> <li><a href="/wiki/Governance_in_higher_education" title="Governance in higher education">Higher education</a></li> <li><a href="/wiki/Information_governance" title="Information governance">Information</a></li> <li><a href="/wiki/Network_governance" title="Network governance">Network</a></li> <li><a href="/wiki/Ocean_governance" title="Ocean governance">Ocean</a></li> <li><a href="/wiki/Political_party_governance" class="mw-redirect" title="Political party governance">Political party</a></li> <li><a href="/wiki/Security_sector_governance_and_reform" title="Security sector governance and reform">Security sector</a></li> <li><a href="/wiki/Self-governance" title="Self-governance">Self</a></li> <li><a href="/wiki/Simulation_governance" title="Simulation governance">Simulation</a></li> <li><a href="/wiki/Soil_governance" title="Soil governance">Soil</a></li> <li><a href="/wiki/Technology_governance" title="Technology governance">Technology</a></li> <li><a href="/wiki/Transnational_governance" title="Transnational governance">Transnational</a></li></ul> </div></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#ddddff;;color: var(--color-base)"><div class="sidebar-list-title-c">Measures</div></div><div class="sidebar-list-content mw-collapsible-content"> <ul><li><a href="/wiki/World_Governance_Index" title="World Governance Index">World Governance Index</a></li> <li><a href="/wiki/Sustainable_Governance_Indicators" title="Sustainable Governance Indicators">Sustainable Governance Indicators</a></li> <li><a href="/wiki/Bertelsmann_Transformation_Index" title="Bertelsmann Transformation Index">Bertelsmann Transformation Index</a></li></ul></div></div></td> </tr><tr><td class="sidebar-content"> <div class="sidebar-list mw-collapsible mw-collapsed"><div class="sidebar-list-title" style="background:#ddddff;;color: var(--color-base)"><div class="sidebar-list-title-c">Related topics</div></div><div class="sidebar-list-content mw-collapsible-content"> <ul><li><a class="mw-selflink selflink">Chief governance officer</a></li> <li><div style="display:inline-block; padding:0.2em 0.4em; line-height:1.2em;"><a href="/wiki/Governance,_risk_management,_and_compliance" title="Governance, risk management, and compliance">Governance, risk management<br />and compliance</a></div></li> <li><div style="display:inline-block; padding:0.2em 0.4em; line-height:1.2em;"><a href="/wiki/Environmental,_social,_and_corporate_governance" class="mw-redirect" title="Environmental, social, and corporate governance">Environmental, social, and<br />corporate governance</a></div></li> <li><a href="/wiki/Market_governance_mechanism" title="Market governance mechanism">Market governance mechanism</a></li></ul></div></div></td> </tr><tr><td class="sidebar-navbar"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><style data-mw-deduplicate="TemplateStyles:r1239400231">.mw-parser-output .navbar{display:inline;font-size:88%;font-weight:normal}.mw-parser-output .navbar-collapse{float:left;text-align:left}.mw-parser-output .navbar-boxtext{word-spacing:0}.mw-parser-output .navbar ul{display:inline-block;white-space:nowrap;line-height:inherit}.mw-parser-output .navbar-brackets::before{margin-right:-0.125em;content:"[ "}.mw-parser-output .navbar-brackets::after{margin-left:-0.125em;content:" ]"}.mw-parser-output .navbar li{word-spacing:-0.125em}.mw-parser-output .navbar a>span,.mw-parser-output .navbar a>abbr{text-decoration:inherit}.mw-parser-output .navbar-mini abbr{font-variant:small-caps;border-bottom:none;text-decoration:none;cursor:inherit}.mw-parser-output .navbar-ct-full{font-size:114%;margin:0 7em}.mw-parser-output .navbar-ct-mini{font-size:114%;margin:0 4em}html.skin-theme-clientpref-night .mw-parser-output .navbar li a abbr{color:var(--color-base)!important}@media(prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .navbar li a abbr{color:var(--color-base)!important}}@media print{.mw-parser-output .navbar{display:none!important}}</style><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Governance" title="Template:Governance"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Governance" title="Template talk:Governance"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Governance" title="Special:EditPage/Template:Governance"><abbr title="Edit this template">e</abbr></a></li></ul></div></td></tr></tbody></table> <p>The <b>chief governance officer</b> (<b>CGO</b>) is normally a senior vice executive reporting to the <a href="/wiki/Chief_executive_officer" title="Chief executive officer">CEO</a>; however, in the not-for-profit sector, when an organization uses <a href="/w/index.php?title=Policy_governance&action=edit&redlink=1" class="new" title="Policy governance (page does not exist)">policy governance</a>, the chair of the board often takes on the role of CGO, who is tasked with directing the people, <a href="/wiki/Business_process" title="Business process">business processes</a> and systems needed to enable <a href="/wiki/Good_governance" title="Good governance">good governance</a> from inside the corporation in support of the <a href="/wiki/Board_of_directors" title="Board of directors">board of directors</a>.<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> In some geographies the role is assumed by the <a href="/wiki/General_counsel" title="General counsel">chief counsel</a>,<sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> in others by a corporate or <a href="/wiki/Company_secretary" title="Company secretary">company secretary</a>.<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> </p><p>The role is likely to grow in prominence as <a href="/wiki/Corporate_governance" title="Corporate governance">corporate governance</a> requirements - in voluntary codes or law - grow and mature. The heads of several governance-related functions may report to the CGO, including <a href="/w/index.php?title=Community_relations&action=edit&redlink=1" class="new" title="Community relations (page does not exist)">community relations</a> / public affairs, <a href="/wiki/Corporate_strategy" class="mw-redirect" title="Corporate strategy">corporate strategy</a>, <a href="/wiki/Business_continuity_management" class="mw-redirect" title="Business continuity management">business continuity management</a>, <a href="/wiki/Business_performance_management" title="Business performance management">business performance management</a>, <a href="/w/index.php?title=Compliance_management&action=edit&redlink=1" class="new" title="Compliance management (page does not exist)">compliance management</a><sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> / internal controls, <a href="/wiki/Corporate_communication" title="Corporate communication">corporate communication</a>, <a href="/wiki/Corporate_philanthropy" class="mw-redirect" title="Corporate philanthropy">corporate philanthropy</a>, <a href="/wiki/Enterprise_risk_management" title="Enterprise risk management">enterprise risk management</a>, <a href="/w/index.php?title=Ethics_management&action=edit&redlink=1" class="new" title="Ethics management (page does not exist)">ethics management</a>, <a href="/wiki/Internal_audit" title="Internal audit">internal audit</a>, <a href="/wiki/Investor_relations" title="Investor relations">investor relations</a>, <a href="/wiki/Legal_services" class="mw-redirect" title="Legal services">legal services</a>, <a href="/wiki/Stakeholder_management" title="Stakeholder management">stakeholder management</a> and <a href="/wiki/Corporate_sustainability" title="Corporate sustainability">sustainability management</a>. Also, the appointment of a CGO with clout is both a signal to the market that the company takes corporate governance seriously and a way to increase the market value of a firm if, as research by <a href="/wiki/McKinsey_%26_Co" class="mw-redirect" title="McKinsey & Co">McKinsey</a> shows, investors will pay a premium for the stock of well-governed companies.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> </p><p>As corporations add the necessary functions, several issues arise. First is the risk that the functions overlap, evolve into silos, create misunderstanding internally and externally and act at <a href="/w/index.php?title=Cross_purposes&action=edit&redlink=1" class="new" title="Cross purposes (page does not exist)">cross purposes</a>. Second is the opportunity for enhanced impact through synergy between these functions. Risk managers, compliance officers and business performance managers often need to manage change in order to achieve their objectives. Without a sponsor at top management level their efforts may fail when the magnitude of resistance to change overwhelms their limited powers of influence. Third, the serial introduction of new processes may simply require more attention, time and enthusiasm than line managers can realistically offer.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> A single phased plan for enabling good governance could mitigate the risks and preempt any wasteful expenditure. Last, the complexity of the interactions between the different functions compounded by the infancy of the new disciplines may require continuous conceptual interpretation for top management and the board. </p><p>Companies that have appointed CGOs include <a href="/wiki/Allianz" title="Allianz">Allianz</a>,<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> <a href="/wiki/Kodak" title="Kodak">Kodak</a>,<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> <a href="/wiki/Krispy_Kreme" title="Krispy Kreme">Krispy Kreme</a>, <a href="/wiki/Prudential_Financial" title="Prudential Financial">Prudential</a>,<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> <a href="/wiki/Telkom_SA" class="mw-redirect" title="Telkom SA">Telkom</a>,<sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> and <a href="/wiki/Vodacom" title="Vodacom">Vodacom</a>.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Chief_governance_officer&action=edit&section=1" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://my.advisor.com/doc/14131">CGO On Duty. Is a Chief Governance Officer your best friend?</a><sup class="noprint Inline-Template"><span style="white-space: nowrap;">[<i><a href="/wiki/Wikipedia:Link_rot" title="Wikipedia:Link rot"><span title=" Dead link tagged November 2016">permanent dead link</span></a></i><span style="visibility:hidden; color:transparent; padding-left:2px">‍</span>]</span></sup></span> </li> <li id="cite_note-2"><span class="mw-cite-backlink"><b><a href="#cite_ref-2">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://www.thecorporatecounsel.net/blog/archive/000190.html">What is a "Chief Governance Officer"? December 03, 2003</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20110724101044/http://www.thecorporatecounsel.net/blog/archive/000190.html">Archived</a> July 24, 2011, at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a></span> </li> <li id="cite_note-3"><span class="mw-cite-backlink"><b><a href="#cite_ref-3">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://findarticles.com/p/articles/mi_go2446/is_n1_v21/ai_n28679080/">Ueland, S. (1996). 'Board practices: its' [<i>sic</i>] time to name a chief governance officer.' Directors & Boards, Autumn.</a></span> </li> <li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://www.lumigent.com/executive_commentaries/189-c-suite-shoot-out-chief-compliance-officer-v-chief-governance-officer.html">Capobianco, JH.(2010). 'C-Suite Shoot-Out: Chief Compliance Officer v. Chief Governance Officer.'</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20100526030020/http://www.lumigent.com/executive_commentaries/189-c-suite-shoot-out-chief-compliance-officer-v-chief-governance-officer.html">Archived</a> May 26, 2010, at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a></span> </li> <li id="cite_note-5"><span class="mw-cite-backlink"><b><a href="#cite_ref-5">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://mkqpreview1.qdweb.net/Nonprofit/Three_surveys_on_corporate_governance_965">Coombes, P & Watson, M. (2000). Three surveys on corporate governance. McKinsey Quarterly, Dec. </a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20110724022735/http://mkqpreview1.qdweb.net/Nonprofit/Three_surveys_on_corporate_governance_965">Archived</a> July 24, 2011, at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a></span> </li> <li id="cite_note-6"><span class="mw-cite-backlink"><b><a href="#cite_ref-6">^</a></b></span> <span class="reference-text">Kotter, J. (2005). Leading change. Cambridge, MA: Harvard Business School Press.</span> </li> <li id="cite_note-7"><span class="mw-cite-backlink"><b><a href="#cite_ref-7">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="https://www.allianz.com/en/press/news/company_news/appointments/news_2010-07-29.html">Allianz SE appoints Chief Governance Officer</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20110707114232/https://www.allianz.com/en/press/news/company_news/appointments/news_2010-07-29.html">Archived</a> July 7, 2011, at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a></span> </li> <li id="cite_note-8"><span class="mw-cite-backlink"><b><a href="#cite_ref-8">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://www.kodak.com/US/en/corp/pressReleases/pr20030730-02.shtml">Kodak Names Laurence L. Hickey Chief Governance Officer. ROCHESTER, NY, July 30</a></span> </li> <li id="cite_note-9"><span class="mw-cite-backlink"><b><a href="#cite_ref-9">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://www.dailyfinance.com/rtn/pr/margaret-m-foran-joins-prudential-as-chief-governance-officer-and-secretary/rfid237428329/">Margaret M. Foran Joins Prudential as Chief Governance Officer and Secretary. Business Wire. 07/31/09.</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20120329033826/http://www.dailyfinance.com/rtn/pr/margaret-m-foran-joins-prudential-as-chief-governance-officer-and-secretary/rfid237428329/">Archived</a> March 29, 2012, at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a></span> </li> <li id="cite_note-10"><span class="mw-cite-backlink"><b><a href="#cite_ref-10">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="https://www.reuters.com/finance/stocks/companyOfficers?symbol=TKGJ.J">Reuters profile of Telkom</a></span> </li> <li id="cite_note-11"><span class="mw-cite-backlink"><b><a href="#cite_ref-11">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20090711002256/http://www.vodacom.com/pdf/annual_reports/ar_2006.pdf">Vodacom Annual Report, 2006</a></span> </li> </ol></div></div>    </div><noscript><img src="https://login.wikimedia.org/wiki/Special:CentralAutoLogin/start?type=1x1" alt="" width="1" height="1" style="border: none; position: absolute;"></noscript> <div class="printfooter" data-nosnippet="">Retrieved from "<a dir="ltr" href="https://en.wikipedia.org/w/index.php?title=Chief_governance_officer&oldid=1239239737">https://en.wikipedia.org/w/index.php?title=Chief_governance_officer&oldid=1239239737</a>"</div></div> <div id="catlinks" class="catlinks" data-mw="interface"><div id="mw-normal-catlinks" class="mw-normal-catlinks"><a href="/wiki/Help:Category" title="Help:Category">Category</a>: <ul><li><a href="/wiki/Category:Corporate_governance" title="Category:Corporate governance">Corporate governance</a></li></ul></div><div id="mw-hidden-catlinks" class="mw-hidden-catlinks mw-hidden-cats-hidden">Hidden categories: <ul><li><a href="/wiki/Category:All_articles_with_dead_external_links" title="Category:All articles with dead external links">All articles with dead external links</a></li><li><a href="/wiki/Category:Articles_with_dead_external_links_from_November_2016" title="Category:Articles with dead external links from November 2016">Articles with dead external links from November 2016</a></li><li><a href="/wiki/Category:Articles_with_permanently_dead_external_links" title="Category:Articles with permanently dead external links">Articles with permanently dead external links</a></li><li><a href="/wiki/Category:Webarchive_template_wayback_links" title="Category:Webarchive template wayback links">Webarchive template wayback links</a></li><li><a href="/wiki/Category:Articles_with_short_description" title="Category:Articles with short description">Articles with short description</a></li><li><a href="/wiki/Category:Short_description_matches_Wikidata" title="Category:Short description matches Wikidata">Short description matches Wikidata</a></li></ul></div></div> </div> </main> </div> <div class="mw-footer-container"> <footer id="footer" class="mw-footer" > <ul id="footer-info"> <li id="footer-info-lastmod"> This page was last edited on 8 August 2024, at 03:31<span class="anonymous-show"> (UTC)</span>.</li> <li id="footer-info-copyright">Text is available under the <a href="/wiki/Wikipedia:Text_of_the_Creative_Commons_Attribution-ShareAlike_4.0_International_License" title="Wikipedia:Text of the Creative Commons Attribution-ShareAlike 4.0 International License">Creative Commons Attribution-ShareAlike 4.0 License</a>; additional terms may apply. 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