Professional Documents
Culture Documents
Transnational - These are corporations which operate in other countries, other than the home
country, and do not have a centralized management system.
Ex Coca-Cola, Mitsubishi, HBO, Shell, skype
What is Governance?
Governance is the action of governing an organization by using and regulating influence to
direct and control the actions and affairs of management and others. It is the exclusive
responsibility of the 'governing body', the person, or group accountable for the performance and
conformance of the organisation.
Good governance requires fair legal frameworks that are enforced by an impartial
regulatory body, for the full protection of stakeholders.
Responsiveness
Good governance requires that organizations and their processes are designed
to serve the best interests of stakeholders within a reasonable timeframe.
Equity and Inclusiveness
The organization that provides the opportunity for its stakeholders to maintain,
enhance, or generally improve their well-being provides the most compelling
message regarding its reason for existence and value to society.
4 BASIC PRINCIPLE
Accountability
Fairness
Transparency
Responsibility.