Question

what are the major of corporate governance in public and private institutions​

Answer 1

Answer: From that exploration of current literature, an analysis of change management approaches and research findings in the area of organizational studies will be used to support the premise that corporate governance utilizing the “board of directors” model is more successful when viewed as a framework for positive organizational change in the public sector. Examination of aspects associated with the change process is therefore considered by many academics and practitioners of organizational change management to give a full account of the purpose, scope, and success of organizational change. Best practices processes that emerge from this research will benefit the accepting organization with ways to view the best and most appropriate approach to their change management initiatives.

Since the 1990’s the role of corporate governance has been discussed as a remedy for the lack of accountability and probity in public sector organizations. Corporate governance is based on the “board of directors” model, and reflects a successful private sector management style. Although some elements of corporate governance can be transferred to the public sector, a lot of changes and modifications must be done to this concept if it is to be implemented successfully into public sector organizations. Public sector corporate governance is distinguished from the private sector by its need for significant objective diversity and management constructs. Also, the lack of a significant body of research regarding public sector corporate governance makes it distinct from the private sector.

Explanation: