Professional Documents
Culture Documents
Introduction
1. While the term ‘governance’ is often bandied about, and means different things in
different contexts, many organisations commonly use the word to mean their compliance and
reporting obligations, (and at the risk of ‘sucking eggs’, these aspects are briefly summarised
herein).
4. Better governance practice occurs when the following core governance principles are
applied:
c. Integrity is based upon honesty and objectivity, and high standards of propriety
and probity in the stewardship of funds and resources, and the management of
the organisation's affairs. It is reflected both in the organisation’s decision-
making procedures and in the quality of its financial and performance reporting.
2
5. A supporting tenet to these principles is efficiency; that is, the best use of resources to
further the vision of the organisation, with a commitment to evidence-based strategies for
improvement. This is an internal benefit that will have positive external effects.
10. With this internal knowledge and understanding, organisations are in a better position
to shape the external view and perception, and to develop and hone their trustworthiness.