CHAPTER 1 INTRODUCTION TO CORPORATE - RESPONSIVENESS serves the needs

GOVERNANCE within a reasonable time frame.

- TRANSPARENCY decisions taken are
done in a manner that follows rules and
Governance (CORPORATE, INTERNATIONAL, regulations.
NATIONAL, AND LOCAL) - RULE OF LAW full protection of human

- process whereby elements in society rights, fair legal framework that are

wield power, authority, and influence enforced impartially.

and enact policies and decisions PURPOSE OF CORPORATE GOVERNANCE

concerning public life and social
- Enhance shareholders’ value and
upliftment.
protect the interests of other
- Process of decision making
stakeholders by improving the
- Process where decisions are
corporate performance and
implemented.
accountability.
CHARAC. OF GOOD GOVERNANCE
OBJECTIVE OF CORP. GOVERNANCE
- PARTICIPIATION needs to be informed
and organized. Means freedom of
association and expression on one hand
and an organized civil society on the
other hand.
- ACCOUNTABILITY is a key requirement
of good governance.
- EFFECTIVENESS AND EFFECIENCY
- EQUITY AND INCLUSIVENESS ensures
that all its members feel that they have
a stake in it and do not feel excluded
from the mainstream of society.
- CONSENSUS ORIENTED understanding
of the historical, cultural, and social
contexts of a given society or
community.