governanceare
governanceare is a term that refers to the processes and structures by which an organization or entity is directed and controlled. It encompasses the rules, practices, and procedures that govern how an organization operates, makes decisions, and is held accountable. Effective governance is crucial for ensuring transparency, fairness, and accountability in all aspects of an organization's activities.
The principles of good governance typically include accountability, transparency, responsiveness, efficiency, and equity. Accountability means that
In the corporate world, corporate governance specifically deals with the system of rules, practices, and processes
Beyond the corporate sector, governanceare principles are also applied in government, non-profit organizations, and international bodies