Principles of Good Governance

University of the Assumption

Graduate School

CORPORATE SOCIAL RESPONSIBILITY

“Principles of Good Governance”

Submitted by:

Chu, Adrian Harold

Espineda, Luningning

Lingat, Paola Angelica

Submitted to:

Prof. Antonio Pangilinan

Governance has become a hot topic as evidence mounts on the critical role it plays in determining societal well-being. Not surprisingly, governance as a term has progressed from obscurity to widespread usage, particularly in the last decade.

What is Governance?

• Governance is not synonymous with government.

Since governance is not about government, what is it about? Partly it is about how governments and other social organizations interact, how they relate to citizens, and how decisions are taken in a complex world.

• It is a process whereby societies or organizations make their important decisions, determine whom they involve in the process and how they render account.

Since a process is hard to observe, it tends to focus our attention on the governance system or framework upon which the process rests - that is, the agreements, procedures, conventions or policies that define who gets power, how decisions are taken and how accountability is rendered.

• It is the exercise of neither power nor authority – political, economic, administrative or otherwise – to manage a country’s resources and affairs.

What is Good Governance?

• It is the sustained capacity of the Government and related political institutions to make timely policies and decisions that effectively respond to problems, challenges and goals as nation.

For this we need the active participation of the private business sector and civil society: the citizens and their various organizations and institutions.

• It is the competent management of a country’s resources and affairs in a manner that is open, transparent, accountable, equitable and responsive to people’s need.

Good governance is concerned with the...