IT Governance

Organizational Governance: A Game Changer for All

The prime intent of Standard 8 is to hold the governing body of an organisation responsible for delivery of safe and quality care while meeting the ‘Aged Care Quality Standards’. In this article at Ageing Agenda, Michael Goldsworthy explains organisational governance as a big game changer for governing bodies, be it the boards, management committees, trustees, or even C-suite executives. For aged care organisations, the Standard 8 Organisation Statement assures liability of safe delivery and quality care services.

Sincere Considerations

The Standard 8 represents directors, CEOs, executives, and managers in a governance model, structure, system, process, and practice. Meeting or exceeding the constraints of Standard 8 is linked to legislated corporate governance requirements, roles, and responsibilities. Here are some key considerations to keep in mind:

  • Underpinning Aged Care Reform: Consumer Directed Care (CDC) and consumer service options and pathways are the two key principles underpinning all aged care reforms. CDC is the creation of full consumer choice and control while the latter is the establishment of a competitive aged care marketplace. Consequently, the switch from the government-funded welfare paradigm to a competitive market paradigm turns well-progressive.
  • A Governing Body: Each individual or a group of people with overall responsibility and accountability for the organisation is defined by the Aged Care Quality and Safety Commission as a governing body. It includes responsibility for the strategic and operational decisions that ensures safety and quality of services.
  • Corporate Governance: It provides the embodying structure for Standard 8 and encompasses the other aged care quality standards.
  • Organisational Governance: It fosters governing bodies and leaders to reassure if consumers receive safe and quality care and services.
  • A Governance System: In a contemporary governance setup, three fundamental components are vital. First is the governance standard that create a framework within leaders to operate. Second is the governance policy and procedure to be enacted and practised by leaders. The third one is governance tool and document that support the work of the board, CEOs, executives, and managers.
  • Legal Risk & Insurance Implications: It is vital for the board and CEOs to seek independent, expert legal and insurance opinion. The legal insurance practitioners have extensive knowledge and experience of aged care organisations and commonwealth government aged care reforms and their implications.

Click on the following link to read the original article:

Show More
Back to top button

We use cookies on our website

We use cookies to give you the best user experience. Please confirm, if you accept our tracking cookies. You can also decline the tracking, so you can continue to visit our website without any data sent to third party services.