AE 5 Q2

It governs relationships among stakeholders that are used to determine and control the strategic direction and performance of organizations.

• Corporate governance

• Business ethics

• Risk management

• Internal control

A characteristics of good governance wherein information is freely available and directly accessible to those who will be affected by such information.

• Participation

• Accountability

• Rule of law

• Transparency

This means freedom of association and expression on one hand and an organized civil society in the other hand.

• Transparency

• Rule of law

• Participation

• Consensus-oriented

Good governance requires fair legal frameworks that are enforced impartially.

• Rule of law

• Transparency

• Accountability

• Consensus-oriented

Good governance requires that institutions and processes try to serve the needs of all stakeholders within a reasonable timeframe.

• Rule of law

• Responsiveness

• Transparency

• Accountability

An organization or institution is accountable to those who will be affected by its decisions or actions.

• Transparency

• Rule of law

• Accountability

• Responsiveness

Ensures that all members feel that they have a stake in it and do not feel excluded from the mainstream of society.

• Consensus-Oriented

• Effectiveness and Efficiency

• Equity & Inclusiveness

• Effectiveness and Efficiency

Good governance means that processes and institutions produce results that meet the needs of society while making the best use of resources at their disposal.

• Equity & Inclusiveness

• Effectiveness and Efficiency

• Consensus-Oriented

• Accountability

Good governance requires mediation of the different interests in society to reach a broad consensus on what is in the best interest of the whole community.

• Consensus-Oriented

• Equity & Inclusiveness

• Effectiveness and Efficiency

• Accountability

A corporate governance structure ensures equitable and fair treatment of all shareholders of the company.

• Fair and Equitable Treatment of Shareholders

• Self-Assessment

• Increase Shareholders’ Wealth

• Transparency and Full Disclosure