For example, the leaders of a company should design and adhere to a code of ethics that helps management promote each of the important characteristics of good corporate governance.
Good governance is accountable Accountability is a fundamental requirement of good governance. Local government has an obligation to report, explain and be answerable for the consequences of decisions it has made on behalf of the community it represents.
Good governance is transparent People should be able to follow and understand the decision-making process.
This means that they will be able to clearly see how and why a decision was made — what information, advice and consultation council considered, and which legislative requirements when relevant council followed.
Good governance follows the rule of law This means that decisions are consistent with relevant legislation or common law and are within the powers of council. Good governance is responsive Local government should always try to serve the needs of the entire community while balancing competing interests in a timely, appropriate and responsive manner.
This means that all groups, particularly the most vulnerable, should have opportunities to participate in the process. Good governance is effective and efficient Local government should implement decisions and follow processes that make the best use of the available people, resources and time to ensure the best possible results for their community.
Good governance is participatory Anyone affected by or interested in a decision should have the opportunity to participate in the process for making that decision. This can happen in several ways — community members may be provided with information, asked for their opinion, given the opportunity to make recommendations or, in some cases, be part of the actual decision-making process.
Lazima walete vitu vyao Afrika.
Vumilia tutafika huko, ingawaje itakuwa a slow process.explore, share and promote good governance in Canada and abroad, and to help governments, the voluntary sector, communities and the private sector put it . Eight Elements of Good Governance.
Good governance has 8 major characteristics.
It is participatory, consensus oriented, accountable, transparent, responsive, effective and efficient, equitable and inclusive, and follows the rule of law. The features of Good Governance are: The feature of accountablity.
This feature is the fundamental requirement of good governance. Local government has an obligation to report, explain and is responsible for the consequences of decisions it has made on behalf of the community it represents.
Good governance has 6 major characteristics Seven Characteristics of Corporate Governance Submitted by Kamal Wickramanayake on March 6, - Though the origin could not be located correctly, the characteristics below seem to have appeared in CLSA Emerging Markets and gained more popularity after their appearance in what is known as the King Report on Corporate Governance .
Feb 29, · Good governance is accountable Accountability is a fundamental requirement of good governance. Local government has an obligation to report, explain and be answerable for the consequences of decisions it has made on behalf of the community it represents.
Some important characteristics of good corporate governance “Corporate governance” defines the practices, processes, and structures through which an organisation manages its business. An organisation, through corporate governance, works to accomplish its operational, fiscal and strategic objectives while attaining longstanding sustainability.