(d) Write a brief note on good governance
and public interest.
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Explanation:
Governance’ is the process of decision-making and the process by which decisions are implemented (or not implemented).
Governance can be used in several contexts such as corporate governance, international governance, national governance and local governance.
In the 1992 report entitled “Governance and Development”, the World Bank set out its definition of Good Governance. It defined Good Governance as “the manner in which power is exercised in the management of a country’s economic and social resources for development”.
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.
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