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1. Agreeing our vision, purpose and values and making sure that they remain relevant;
2. Developing, resourcing, monitoring and evaluating a plan to make sure that our organisation achieves its stated
purpose.
3. Managing, supporting and holding to account staff, volunteers and all who act on behalf of the organisation.
Principle 2. Exercising control over our organisation.
1. Identifying and complying with all relevant legal and regulatory requirements;
2. Making sure that there are appropriate internal financial and management controls;
3. Identifying major risks for our organisation and deciding ways of managing the risks.
Principle 3. Being transparent and accountable.
1. Identifying those who have a legitimate interest in the work of our organisation (stakeholders) and making sure
that there is regular and effective communication with them about our organisation;
2. Responding to stakeholders’ questions or views about the work of our organisation and how we run it;
3. Encouraging and enabling the engagement of those who benefit from our organisation in the planning and
decision-making of the organisation.
Principle 4.Working effectively.
1. Making sure that our governing body, individual board members, committees, staff and volunteers understand
their: role, legal duties, and delegated responsibility for decision-making.
2. Making sure that as a board we exercise our collective responsibility through board meetings that are efficient and
effective.
3. Making sure that there is suitable board recruitment, development and retirement processes in place.
Principle 5.Behaving with integrity.
1. Being honest, fair and independent;
2. Understanding, declaring and managing conflicts of interest and conflicts of loyalties;
3. Protecting and promoting our organisation’s reputation.
Good governance has 8 major characteristics. It is participatory, consensus oriented, accountable, transparent,
responsive, effective and efficient, equitable and inclusive, and follows the rule of law. Good governance is
responsive to the present and future needs of the organization, exercises prudence in policy-setting and
decision-making, and that the best interests of all stakeholders are taken into account.
1. Rule of Law
Good governance requires fair legal frameworks that are enforced by an impartial regulatory body, for the full
protection of stakeholders.
2. Transparency
Transparency means that information should be provided in easily understandable forms and media; that it
should be freely available and directly accessible to those who will be affected by governance policies and
practices, as well as the outcomes resulting therefrom; and that any decisions taken and their enforcement are
Good governance requires that organizations and their processes are designed to serve the best interests of
4. Consensus Oriented
Good governance requires consultation to understand the different interests of stakeholders in order to reach
a broad consensus of what is in the best interest of the entire stakeholder group and how this can be achieved
The organization that provides the opportunity for its stakeholders to maintain, enhance, or generally improve
their well-being provides the most compelling message regarding its reason for existence and value to
society.
Good governance means that the processes implemented by the organization to produce favorable results
meet the needs of its stakeholders, while making the best use of resources – human, technological, financial,
7. Accountability
Accountability is a key tenet of good governance. Who is accountable for what should be documented in policy
statements. In general, an organization is accountable to those who will be affected by its decisions or actions
8. Participation
Participation by both men and women, either directly or through legitimate representatives, is a key
cornerstone of good governance. Participation needs to be informed and organized, including freedom of
expression and assiduous concern for the best interests of the organization and society in general.
The pillars of successful corporate governance are: accountability, fairness,
transparency, assurance, leadership and stakeholder management. All six are critical
in successfully running a entity and forming solid professional relationships among
its stakeholders which include board directors, managers, employees, customers,
regulators and most importantly, shareholders.