The Core Principles of

Good Corporate
Governance
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 HINT
Fsaernsi
FAIRNESS
defined as just and
reasonable treatment in
accordance with accepted
rules or principle.

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 HINT
Actablytiuicon
ACCOUNTABILITY
an acceptance of
responsibility for honest
and ethical conduct
towards others.

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 Videos

HINT
Tanpnrsearcy
TRANSPARENCY
being honest and open
when communicating
with stakeholders about
matters related to the
business.
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 Videos

HINT
Strsadiwpeh
STEWARDSHIP
is a practice wherein people are
intrinsically motivated to work for
others or for organizations to
accomplish the tasks and
responsibilities with which they
have been entrusted.
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Objectives:

To know the Give examples of Check your

importance of how fairness, understanding about
possessing these traits accountability, these core principles
in the success of both transparency, and of good corporate
business and non- stewardship is governance by
profit organization. practiced in business answering given
and non-business. activities.
 pre-test
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pre-test pre-test

Rosa is a newly hired bookkeeper in an accounting firm. She sees to it that every
transaction is recorded in the journal and ledger entries. What character trait does Rosa
A. She is lax. possess?
B. She is detailed.
C. She is frustrated.
D. She is complacent.
Paolo, a maintenance assistant caught the cashier in the supermarket taking some money
from the counter and putting it inside her pocket. What do you think he should do?
A. Report immediately the incident to the manager.
B. Ignore because it is not his money.
C. Confront the cashier and tell her that you saw what she did.
D. Tell her you will not tell anyone unless she gives you a share on the
money she stole.
Ely is always late coming to work yet he has no recorded tardiness because he and
the timekeeper are best friends. What character trait does he possess?
A. He is dishonest.
B. He is decent.
C. He is hardworking.
D. He is friendly.

As an employee assigned in a baggage counter, Maggie always make sure that all
the items are in safe and in good condition, because of this, many customers are
really satisfied and secured in her service. What can you say about Maggie?
A. Maggie is very trustworthy and
dedicated.
B. Maggie is very dependable.
C. Maggie
D. is aabove
All of the good steward.
 The class adviser of Grade 12 – ABM 1, Mrs. Tamayo, always makes sure
that whenever there are school activities, she gives all the members of the class
chance to participate because she always believes that everyone has his/her own
talents and potentials. Based on the paragraph, what does Mrs. Tamayo want to
imply to her students?
A. Firmness
B. Gentleness
C. Fairness
D. Politeness
Review of
past lesson
Corporate Governanc
e
Structure of rules, practices, and processes used to direct and manage a company.

A company’s corporate governance is important to investors since it shows a

company's direction and business integrity.

Bad corporate governance can cast doubt on a company's reliability, integrity, or

obligation to shareholders.
FAIRNE
SS
Comes from the old English word fæger, which means
“pleasing or attractive.” Fairness is what justice
really is.  Potter
Potter Sa
Stewart
Quality of making judgments that are free from
discrimination.
Involves balancing the interest in all decision-making including
any decisions related to hiring, firing (including the investigatory
process), and the compensation and rewards system.
AC C O U NTAB I L
ITY
Quality of being accountable, an obligation or willingness to
accept responsibility or to account on one’s action. Accountability is the glue
that ties commitment to the
result.  Potter
Bob Proctor
Sa
Accountability implies responsibility.

In ethical sense, is the embodiment of honesty, transparency

and taking responsibility.
T RAN S PAR E
NCY
Openness, a willingness by the company to provide clear
information to shareholders and other stakeholders. A lack of transparency
results in distrust and a
deep sense of insecurity,
lack of hidden agendas or conditions, accompanied by the  Dalai
Potter Sa Lama
availability of full information required of collaboration,
cooperation, and collective decision-making.

ensures that stakeholders can have confidence in the decision-

making and management processes of a company.
S T E WAR D S
HIP
is defined in the Bible as using and managing all of God's
resources for the glory of God and the betterment of His
creation. Transparency, honesty,
within the context of business organization, stewardship refers kindness, good stewardship,
even humor, work in business
to taking responsibility for the business and the effects it has on all the times.
the world around it.  John
Potter Sa
Gerzema
a company’s mission and values mean nothing on paper. The real values are in what it
does. How its managers act! The way it uses shareholders’ funds. How it treats
employees. It shows up in its health, safety, compensation, and environmental
practices. It’s not its policies, but its practices that matter.
Application
and
Reflection
 ACTIVITY 1

True or False
True
__________1. Fairness involves balancing the interests involved in all decision-making
including decisions related to employees’ hiring, firing, compensation, and reward
True
system.
__________2. Transparency allows stakeholders to understand whether the activities of
social institutions such as internet organizations and NGOs provide a genuine service to
False
civil society and whether money is used appropriately.
False
__________3. Transparency means to be liable to explain or justify one’s action and
decision.
True
__________4. Accountability is the quality of making judgment that is free from
Next
discrimination.
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__________5. Accountability implies responsibility.

Lesson 1.1 Lesson 1.2 Lesson 1.3 Materials Videos Activities

 ACTIVITY 2

Choose the letter of the correct answer.

1. You insert the exact amount into the vending machine at school for a can of soda. Two
cans are released from the machine. What will you do with the extra can of soda?
A. Offer the can of juice to your classmate.
B. Keep the extra can of soda for you.
C. Report an incident to appropriate school personnel.
2. Employees expect that their employers will be transparent. What does this refer to?
A. The need for an office space to use glass walls
B. Employees are responsible for their employer’s actions.
C. Employers to provide honest and clear information to their
employees. Next
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 ACTIVITY 2

3. Joseph found out his teacher’s password to open her Facebook account. What is the
ethically correct thing for him to do?
A. Give the password to all other students.
teacher
B. Tell so
theshe may change
teacher it. change it.
so she may
C. Keep it to himself and if someone finds out the password it is not his
problem.
4. Arriving to work on time is an example of which characteristic of a good employee?
A. Timeliness
B. Personal accountability
C. Adaptability
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 ACTIVITY 2

5. Providing wrong information on the resume is an example of which of the

following:
A. Lack of transparency on employee’s part.
B. Poor transparency on an employer’s part.
C. Lack of accountability on an employer’s
part.

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 SUMMARY
FAIRNESS ACCOUNTABIL TRANSPAREN STEWARDSHIP
ITY CY
the quality of to be liable in explaining important mechanism taking responsibility for the
making judgments or justifying one’s action for granting social business and the effects it has
that are free from and one’s decision. responsibility. on the world around it. This
discrimination. involves considering more than
just the bottom line.
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 Check Your Understanding

I. Assignment.
________ 1. Ms. Cruz uses rubrics in evaluating students’ task performance.
Identify what
________ 2. Manuel L. Quezon High School implements guidelines in conducting
principle is being school activities like field trip.
applied in the
________ 3. Mrs. Delos Reyes entertains queries of students on the computation of
following situations. their grades.
Accountability
________ 4. Ms. Jimenez, the department head, reported the financial statement of the
Fairness department in full details.
Transparency ________ 5. The school’s guard reported the incident to the guidance office.
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 II. Assignment. Multiple Choice. Encircle the letter of the correct answer.

1. What is fairness?
a. Something that is beneficial for you. c. The quality of treating people equally.
b. Something that is beneficial for all of society. d. d. None of the above.
2. Stewardship is not limited to money. What other thing that God expects you manage?
a. Education b. Time c. Health
3. What does accountability refer to?
a. Being responsible for one’s action. c. The ability to hire and fire an employee
b. Providing access to information. d. All of the above
4. Which is considered unethical business practice?
a. Training employees unfairly. c. Good word of mouth from customers.
b. Selling quality product. d. All of the above
5. All of the following are considered abusive conduct in the workplace
EXCEPT:
a. Invading the personal space of co-workers. supervisor.
b. Insulting co-workers. d. Giving nasty gestures at co-workers.
c. Receiving a performance review from a
 III. Assignment.

Case Study.
Mang Eugenio Ventura:
Filipino Taxi Driver With A Golden Heart

The story of Mang Eugenio Ventura, an extraordinary cab driver,

went viral in the social media when a passenger spread the good
work about him, not rejecting passengers (despite heavy traffic in
Metro Manila) and declining tips. Apart from being fair and honest,
he is the jolly type – he just laughs off the congestion on the main
roads of the city. He got featured in an episode of the TV Program
“Mission Possible.”
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 Questions.
1. What do you think has molded the fair, honest and cheerful behavior of Mang Eugenio?
______________________________________________________________________________________________________________________
______________________________________________________________________________________________________________________
_______________________________________________________________________________________________________________.

2. What lesson have you learned from the good example of Mang Eugenio?
______________________________________________________________________________________________________________________
______________________________________________________________________________________________________________________
_______________________________________________________________________________________________________________.

3. In school, how can you teach and train students in fair, honest and ethical behavior?
______________________________________________________________________________________________________________________
______________________________________________________________________________________________________________________
_______________________________________________________________________________________________________________.
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 Reflective Learning
As the country continues to deal with myriad COVID-19 pandemic, Filipinos
need to work to earn money to improve life as well as to help others.
Work is part of God’s design to humanity. It is a calling entrusted to man where it
requires stewardship of time, resources, and giftedness.
As an employee or worker, you should never steal from your company. You
should obey and honor the managers of your company. It is not only out of
obligation, but for personal growth as well.
As an employer, you are called to be a good steward of your resources especially
the people who work for you. You are blessed by God to be a blessing to others.
As 1 John 3:17 says, “But if anyone has the world’s goods and sees his brother in
need, yet closes his heart against him, how does God’s love abide in him?”
The pandemic is now challenging you. What does it mean to be a steward in your
home? in school? in community? in workplace?
 Group
1
members

CATALAN CRISOSTOMO DAVE JIMENEZ OBIDOS TINDUGAN VERI

Christian John Ericha Jerico Relena Asia Miles
Axel Darlian Mikaela