Governance - Revision history

User at 18:41, 18 July 2023

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User at 23:27, 18 January 2023

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User at 16:23, 11 November 2022

2022-11-11T16:23:33Z

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← Older revision		Revision as of 18:41, 18 July 2023
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	Governance is the process or system by which a country or organization manages its affairs. Good governance is expected to promote four key [[Principle\|principles]]: participatory, transparent, accountable, and effective. The donor community promotes good governance as a necessary pre-condition for achieving successful development outcomes.		Governance is the process or system by which a country or organization manages its affairs. Good governance is expected to promote four key [[Principle\|principles]]: participatory, transparent, accountable, and effective. The donor community promotes good governance as a necessary pre-condition for achieving successful development outcomes.

−	Governance is the process of distributing and managing power. It encompasses a wide range of institutions, from small family businesses to complex nations, with different aims and methods. Governance can be described as a theory or model and is often derived from empirical evidence. There are three main types of governance: public, global, and corporate. Public governance includes mechanisms such as elected officials and laws that affect the entire population. Global governance includes organizations such as the United Nations that have an impact on multiple countries. Corporate Governance involves how companies are run, including decisions about who owns them and how they are managed. Project governance refers to the management of large-scale projects such as building a bridge or developing a new computer system.	+	Governance is the process of distributing and managing power. It encompasses a wide range of institutions, from small family businesses to complex nations, with different aims and methods. Governance can be described as a theory or model and is often derived from empirical evidence. There are three main types of governance: public, global, and corporate. Public governance includes mechanisms such as elected officials and laws that affect the entire population. Global governance includes organizations such as the United Nations that have an impact on multiple countries. [[Corporate Governance]] involves how companies are run, including decisions about who owns them and how they are managed. Project governance refers to the management of large-scale projects such as building a bridge or developing a new computer system.

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 '''Governance''' has been defined as the structures, processes, and norms that ensure accountability, transparency, responsiveness, rule of law, and stability in public affairs or private enterprises. Governance can be subtle and may not be easily observable. International agencies such as the UNDP define governance as the exercise of authority or power in order to manage a country's economic, political and administrative affairs. Governance encompasses both management and administrative systems, which help to mobilize and transform available resources to achieve desired outcomes.
-In business, governance is the process of setting and maintaining norms and standards for an organization. Management oversees the performance of an organization to ensure it is working in the best interests of its stakeholders. Good governance involves overseeing management to make sure they are achieving desired outcomes and following ethical guidelines.
+In business, governance is the process of setting and maintaining norms and standards for an organization. [[Management]] oversees the performance of an organization to ensure it is working in the best interests of its stakeholders. Good governance involves overseeing management to make sure they are achieving desired outcomes and following ethical guidelines.
-Governance is the process or system by which a country or organization manages its affairs. Good governance is expected to promote four key principles: participatory, transparent, accountable, and effective. The donor community promotes good governance as a necessary pre-condition for achieving successful development outcomes.
+Governance is the process or system by which a country or organization manages its affairs. Good governance is expected to promote four key [[Principle|principles]]: participatory, transparent, accountable, and effective. The donor community promotes good governance as a necessary pre-condition for achieving successful development outcomes.
 Governance is the process of distributing and managing power. It encompasses a wide range of institutions, from small family businesses to complex nations, with different aims and methods. Governance can be described as a theory or model and is often derived from empirical evidence. There are three main types of governance: public, global, and corporate. Public governance includes mechanisms such as elected officials and laws that affect the entire population. Global governance includes organizations such as the United Nations that have an impact on multiple countries. Corporate Governance involves how companies are run, including decisions about who owns them and how they are managed. Project governance refers to the management of large-scale projects such as building a bridge or developing a new computer system.
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 #*Corporate social responsibility is important for businesses because it helps them build trust with their customers, employees, and other stakeholders.
 #*CSR can be divided into four main areas: accountability, composition, dynamics, and governance.
-#*The board should have oversight responsibility for any political activities undertaken by the company, and consider adopting a policy on disclosure.
+#*The board should have oversight responsibility for any political activities undertaken by the company, and consider adopting a [[policy]] on disclosure.
 #Compliance
 #*The methods of governance used by a company can vary, but typically include a board of directors, executive management, and employees.
 #*A board of directors is responsible for overseeing the company's policies and operations, while executive management oversees day-to-day operations. Employees are crucial to any successful business and are typically informed of company policies and procedures. Communication is key in maintaining trust between employees and management; misconduct should be discouraged but reported in a compliant manner if it occurs.
-#Risk management
+#[[Risk Management]]
-#*The risk management methods used in a company can vary depending on the type of risk involved. However, common methods include:
+#*The risk management methods used in a company can vary depending on the type of [[risk]] involved. However, common methods include:
 #**Identifying risks: This involves assessing the potential consequences of a situation and estimating the likelihood of those consequences happening.
 #**Planning for risks: When risks have been identified, plans must be put in place to deal with them effectively. This may involve making decisions about how to mitigate or avoid the risk, or taking steps to reduce its likelihood.
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 == Role of Governance in Business ==
-Governance in business refers to the process and systems that businesses put in place to ensure compliance with laws, regulations, and ethical standards. Governance can also refer to the way a company manages its relationships with its stakeholders, including customers, employees, and the community.
+Governance in business refers to the process and systems that businesses put in place to ensure [[compliance]] with laws, regulations, and ethical standards. Governance can also refer to the way a company manages its relationships with its stakeholders, including customers, employees, and the community.

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 *[[E-Governance]]
 *[[IT Governance]]
 __NOTOC__

← Older revision		Revision as of 23:27, 18 January 2023
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	*[[Data Governance]]		*[[Data Governance]]
	*[[E-Governance]]		*[[E-Governance]]
−	*[[Enterprise Architecture Governance]]

← Older revision		Revision as of 16:23, 11 November 2022
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	[[File:Corporate-Governance.jpg\|200px\| Corporate Governance]]		[[File:Corporate-Governance.jpg\|200px\| Corporate Governance]]
		+
		+	Source: [https://www.pldolawblog.com/importance-of-corporate-governance-during-the-pandemic/ Importance of Corporate Governance]

	== What are the methods of governance? ==		== What are the methods of governance? ==

← Older revision		Revision as of 16:20, 11 November 2022
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	There are four types of governance: operational governance governs the actual running of the company; financial governance oversees the company's finances; human resource governance deals with the management of employees; information security governance oversees the security of the company's data; measurement and assessment is the process of assessing the performance of a company to determine if it is meeting its objectives.		There are four types of governance: operational governance governs the actual running of the company; financial governance oversees the company's finances; human resource governance deals with the management of employees; information security governance oversees the security of the company's data; measurement and assessment is the process of assessing the performance of a company to determine if it is meeting its objectives.
		+
		+	[[File:Corporate-Governance.jpg\|200px\| Corporate Governance]]

	== What are the methods of governance? ==		== What are the methods of governance? ==

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 == What is governance? ==
-Governance has been defined as the structures, processes, and norms that ensure accountability, transparency, responsiveness, rule of law, and stability in public affairs or private enterprises. Governance can be subtle and may not be easily observable. International agencies such as the UNDP define governance as the exercise of authority or power in order to manage a country's economic, political and administrative affairs. Governance encompasses both management and administrative systems, which help to mobilize and transform available resources to achieve desired outcomes.
+Governance has been defined as the structures, processes, and norms that ensure accountability, transparency, responsiveness, rule of law, and stability in public affairs or private enterprises. Governance can be subtle and may not be easily observable. International agencies such as the UNDP define governance as the exercise of authority or power in order to manage a country's economic, political and administrative affairs. Governance encompasses both [[management]] and administrative systems, which help to mobilize and transform available resources to achieve desired outcomes.
-In business, governance is the process of setting and maintaining norms and standards for an organization. Management oversees the performance of an organization to ensure it is working in the best interests of its stakeholders. Good governance involves overseeing management to make sure they are achieving desired outcomes and following ethical guidelines.
+In business, governance is the [[process]] of setting and maintaining norms and standards for an [[organization]]. Management oversees the performance of an organization to ensure it is working in the best interests of its stakeholders. Good governance involves overseeing management to make sure they are achieving desired outcomes and following ethical guidelines.
-Governance is the process or system by which a country or organization manages its affairs. Good governance is expected to promote four key principles: participatory, transparent, accountable, and effective. The donor community promotes good governance as a necessary pre-condition for achieving successful development outcomes.
+Governance is the process or system by which a country or organization manages its affairs. Good governance is expected to promote four key [[principle]]s: participatory, transparent, accountable, and effective. The donor community promotes good governance as a necessary pre-condition for achieving successful development outcomes.
 Governance is the process of distributing and managing power. It encompasses a wide range of institutions, from small family businesses to complex nations, with different aims and methods. Governance can be described as a theory or model and is often derived from empirical evidence. There are three main types of governance: public, global, and corporate. Public governance includes mechanisms such as elected officials and laws that affect the entire population. Global governance includes organizations such as the United Nations that have an impact on multiple countries. [[Corporate Governance]] involves how companies are run, including decisions about who owns them and how they are managed. Project governance refers to the management of large-scale projects such as building a bridge or developing a new computer system.
@@ Line 11: / Line 11: @@
 == Alternative Definitions of Governance ==
-Governance encompasses the system by which an organization is controlled and operates and the mechanisms by which it, and its people, are held to account. Ethics, risk management, compliance, and administration are all elements of governance.
+Governance encompasses the system by which an organization is controlled and operates and the mechanisms by which it, and its people, are held to account. Ethics, risk management, [[compliance]], and administration are all elements of governance.
 Corporate governance involves a set of relationships between a company’s management, its board, its shareholders, and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined.
@@ Line 22: / Line 22: @@
 Governance can help organizations achieve their goals, be it fair or good. There is a wide variety of analytical frameworks to help understand and analyze governance.
-Governance is the process of managing risks and ensuring the proper operation and sustainability of an organization. There are many different types of governance, each with its own goals and objectives. Governance is a normative concept - it is the way things are supposed to be done, not the way things are currently done.
+Governance is the process of [[Risk Management|managing risks]] and ensuring the proper operation and sustainability of an organization. There are many different types of governance, each with its own goals and objectives. Governance is a normative concept - it is the way things are supposed to be done, not the way things are currently done.
 Governance is the process of setting and enforcing rules that ensure a company's objectives are met.
@@ Line 52: / Line 52: @@
 A board of directors is responsible for overseeing the company's policies and operations, while executive management oversees day-to-day operations. Employees are crucial to any successful business and are typically informed of company policies and procedures. Communication is key in maintaining trust between employees and management; misconduct should be discouraged but reported in a compliant manner if it occurs.
 #Risk management
-The risk management methods used in a company can vary depending on the type of risk involved. However, common methods include:
+The risk management methods used in a company can vary depending on the type of [[risk]] involved. However, common methods include:
 *Identifying risks: This involves assessing the potential consequences of a situation and estimating the likelihood of those consequences happening.
 *Planning for risks: When risks have been identified, plans must be put in place to deal with them effectively. This may involve making decisions about how to mitigate or avoid the risk, or taking steps to reduce its likelihood.
@@ Line 171: / Line 171: @@
 It also oversees management to ensure it achieves its desired outcomes.
 governance refers to ideal good public administration

← Older revision		Revision as of 18:15, 9 November 2022
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	Governance is the process of distributing and managing power. It encompasses a wide range of institutions, from small family businesses to complex nations, with different aims and methods. Governance can be described as a theory or model and is often derived from empirical evidence. There are three main types of governance: public, global, and corporate. Public governance includes mechanisms such as elected officials and laws that affect the entire population. Global governance includes organizations such as the United Nations that have an impact on multiple countries. [[Corporate Governance]] involves how companies are run, including decisions about who owns them and how they are managed. Project governance refers to the management of large-scale projects such as building a bridge or developing a new computer system.		Governance is the process of distributing and managing power. It encompasses a wide range of institutions, from small family businesses to complex nations, with different aims and methods. Governance can be described as a theory or model and is often derived from empirical evidence. There are three main types of governance: public, global, and corporate. Public governance includes mechanisms such as elected officials and laws that affect the entire population. Global governance includes organizations such as the United Nations that have an impact on multiple countries. [[Corporate Governance]] involves how companies are run, including decisions about who owns them and how they are managed. Project governance refers to the management of large-scale projects such as building a bridge or developing a new computer system.
		+
		+	== Alternative Definitions of Governance ==
		+
		+	Governance encompasses the system by which an organization is controlled and operates and the mechanisms by which it, and its people, are held to account. Ethics, risk management, compliance, and administration are all elements of governance.
		+
		+	Corporate governance involves a set of relationships between a company’s management, its board, its shareholders, and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined.
		+
		+	Corporate governance is ‘the framework of rules, relationships, systems and processes within and by which authority is exercised and controlled in corporations. It encompasses the mechanisms by which companies, and those in control, are held to account.
		+
	== What are the types of governance? ==		== What are the types of governance? ==