Power in Organizations: The Power of Governance

The video discusses the power organizations derive from governance structures and processes. It highlights human frailties that challenge governance, such as power abuse and carelessness. Governance is essential for setting norms and ensuring accountability. The video explains Fincham's levels of organizational power and the role of committees in governance. It concludes with advice on conforming to governance requirements for professional success.

What is one of the main challenges organizations face due to human frailties?

• Lack of resources

• Temptation to misuse power

• Inability to innovate

• Poor communication skills

What is the primary purpose of governance structures in organizations?

• To reduce employee turnover

• To expand market share

• To maintain desirable norms of behavior

• To increase profits

Which of the following is NOT a principal role of governance?

• Product development

• Supervision and oversight

• Decision making

• Direction setting

At which level does society impose rules and ethical standards on organizations?

• Organizational level

• Individual level

• Institutional level

• Process level

What is an example of a governance standard in the UK?

• The Nolan Principles

• The Sarbanes-Oxley Act

• The Dodd-Frank Act

• The Basel Accords

Why might individuals resent governance structures?

• They are too flexible

• They are not transparent

• They are too costly

• They limit personal freedom

What is the advice given to individuals regarding governance?

• Ignore governance requirements

• Work with governance roles to succeed

• Challenge governance structures

• Avoid governance roles