RAUL C.

LAVITORIA
4 MARKETING
SEMI FINALS PROJECT

MY INSIGHT IN GOOD GOVERNANCE
Good governance is an indeterminate term used in international development literature
to describe how public institutions conduct public affairs and manage public
resources. Governance is "the process of decision-making and the process by which
decisions are implemented (or not implemented)" The term governance can apply to
corporate, international, national, local governance or to the interactions between other
sectors of society.
Through this meaning, I can say that the good governance relates to the institutions, processes
and systems by which countries and organizations are governed. Governance is concerned with
structures and processes for decision-making, accountability, control and behavior at the top of
organizations.
According to a study, over the last couple of decades there has been a lot of discussion and
debate regarding governance in both the private and public sector, driven to an extent by significant
failures in companies and the public sector. The concept of effective or good governance has
developed and is seen as a key component in delivering outcomes for stakeholders. Effective
governance in the public sector can encourage the efficient use of resources, strengthen
accountability for the stewardship of those resources, improve management and service delivery,
and thereby contribute to improving peoples lives. Effective governance is also essential for
building confidence in public sector entities which is in itself necessary if public sector entities are
to be effective in meeting their objectives.