Question

What other qualifications do you think should be included to governance?​

Answer 1

Answer:

What Constitutes Good Governance?

August 15th, 2018

Nicholas J. Price

Governance is the process by which corporations establish their rules and policies and implement and monitor them. Good governance has a variety of important characteristics, and it can mean different things to different people. Groups and individuals that hold positions of power must have a sense of accountability and a mode of checks and balances if they want to govern successfully.

As it relates to corporations, good governance typically leads corporations to achieve their goals. In successfully fulfilling their mission and plans, corporations that embrace good corporate principles will enhance the company’s prosperity and find favor in the eyes of their shareholders.

One of the first forms of governance was the monarchy. Since then, many other different forms of governance have emerged. In addition to formal types of governance, people in our society sometimes create their own versions of informal governance practices. A couple of notable examples are mobs or the mafia. A powerful member of the family could also govern others in how they live and behave. Informal governance practices have taught us much about the importance of checks and balances and about how governance without accountability can lead to fraud and corruption.

What Constitutes Good Governance

Good governance has nine major characteristics:

Participation

Consensus oriented

Accountability

Transparency

Responsive

Effective and efficient

Equitable and inclusive

Follows the rule of law

Strategic vision

Good corporate governance sets the tone and environment for all individuals to have a voice, whether they’re a majority or a minority. Good governance holds that many perspectives combine to result in the best possible decision-making. Good governance is important for the way it impacts today’s decision-making, as well as how it impacts the decision-making of the future.

Nine Characteristics of Good Governance

Participation

Best practices for good corporate governance include highlighting the importance of multiple perspectives in the boardroom. Historically, men have held board positions. As women have risen as leaders in the corporate world, governance experts have seen the value of having gender and ethnic diversity on corporate boards. Some boards have responded to pressure to add women and members of ethnic groups to their boards by increasing the number of board seats in order to give the appearance of diversity. Tokenism has become a common practice in business, but it’s not an acceptable practice as part of good corporate governance. Strong, well-composed boards include a variety of people, skills, talents, abilities, experiences and perspectives.

Boards should expect all of their members to participate in board meetings, and board chairs should facilitate meetings in ways that draw out the perspectives of all board directors, especially the quiet ones.

Answer 2

Good qualities of government are :

Government is created in human affairs to rationally distribute resources, which practically means, distribution of power. The question of power is subjective to a specific society. Therefore, the qualities of good government will be subjective to that society.

In democracy form of political system good 'Governance' may be,

1. Adherence with commitment to voters

2. Protection of civil liberty

3. Zero Tolerance guaranteed to security mechanism

4. Promotion of 'Tolerance' with citizens

5. None penetration in 'Judiciary'

Government is said to be Good when it serves its people.

Good government must be Participatory, Consensus, Oriented, Accountable, Transparent, Responsive, Effective, Efficient, Equitable and Inclusive.

Thank You