what was the new system of governance
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In their view, the new governance is characterized by networks in which the state and other organizations depend on each other. The literature on the new governance highlights the role of markets, networks, and non-state actors. It thereby weakens the distinction between states and other domains of social order.
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The system of governance requirements is aimed at ensuring the sound and prudent management of undertakings and, as long as they establish an appropriate segregation of duties, to not unduly restrict them from choosing their own organisational structure.
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