Think - Speculate - Act

Establishing a successfully governance requires forming a board with leaders offering different perspective -

1. Thought in the process
2. Providing opinions
3. Subject Matter Experts from each business unit of organization

Successful implementation of the governance requires balance participation from the leaders.

Leaders with thoughts bring in fresh perspective and functioning of the governance. Leaders with opinions bring help articulate thoughts and bring out ground realities in them. SME's bring in the required knowledge of the business processes to apply the thoughts.

Thus forming one complete cycle for "Think - Speculate - Act" to implement a successful governance.