When completing research in the area of board governance, it was discovered that entities formulating policy need to ensure all data is collected and options presented to the decision-making body. These premises are articulated in the Decision Making Model of Governance.
Today, when reading an article titled The NHI Green Paper: An analysis by Alex van den Heever, he makes the following point:
Confirmation of the implicit business case for the proposed reforms consequently requires:
1. A strong strategic case based on clear evidence of institutional failures within both the public and private sectors and their causes;
2. A set of feasible options that could address the institutional failures in the short- medium- and long-term;
3. An appraisal of the options, including economic and financial evaluations, which identify a preferred approach; and
4. An in-depth analysis of the preferred option, including an economic evaluation, a financial evaluation, and a risk analysis.
The above constitute the minimum requirements for any policy to be regarded as rationally formulated, regardless of its scale (p.1).
These points are very critical and need to be taken seriously by any organization making policies which will affect the programs or services offered to any citizen.
Boards and Governments which follow the Decision Making Model will not make these errors and practice excellence in governance.
