GOOD

GOVERNANCE
A TOPIC OVERVIEW

Present By.
Name
 GOOD GOVERNANCE

Words of Wisdom
"Good governance is not simply about corporate excellence. It
is the key to economic and social transformation. The
corporation of today are no longer sheer economic entities.
These are the engines of economic and social transformation."

- Dr. Madhav Mehra, President of World Council For Corporate

Governance

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 GOOD GOVERNANCE

Specific Objectives
01. What is good governance?

02. What are the fundamental

pillars of good governance?

03. Who is responsible of

good governance?

04. How important is

good governance?

05. What is the future of corporate

governance in the Philippines? MORE
 GOOD GOVERNANCE

Specific Objectives
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CONTENT
PRESENTATION
ABOUT THE TOPIC

1. WHAT IS GOOD GOVERNANCE?

2. PRINCIPLES OF GOOD GOVERNANCE

3. DEFINITION OF CORPORATE GOVERNANCE

HOW IS CORPORATE GOVERNANCE AFFECTING THE

4. RULES AND THE ENVIRONMENT OF DOING BUSINESS

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GOOD GOVERNANCE
GOVERNANCE
is the process of decision-making and the process by which
decisions are implemented (or not implemented)

Governance can be used in several contexts such as corporate

governance, international governance, national governance and local
governance.

WHAT IS GOOD GOVERNANCE?

Good governance means that processes

and institutions produce results that meet
the needs of society while making the best
use of resources at their disposal.

GOOD GOVERNANCE
Principles of Good
Governance
An important component supporting a company's reliability and
effectiveness is good corporate governance. A company's potential can
be diminished by poor corporate governance, which can also generate
financial problems and, in some situations, reputational harm that lasts
for a long time.
ACCOUNTABILITY
accountability refers to the obligation and responsibility
to give an explanation or reason for the company’s
actions and conduct.
TRANSPARENCY
transparency means openness, a willingness by the
company to provide clear information to shareholders
and other stakeholders
RESPONSIBILITY
given authority to act on behalf of the company. They
should therefore accept full responsibility for the powers
that it is given and the authority that it exercises
FAIRNESS
fairneess refers to equal treatment. The fairer the entity
appears to stakeholders, the more likely it is that it can
survive the pressure of interested parties
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 Ginyard International Co.

Definition of Corporate governance is the set of processes,

customs, policies, laws, and institutions
Corporate Governance affecting the way a corporation is directed,
administered, or controlled

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How is corporate
governance affecting the
the rules and environment
of the business?

Make management more Increased require Strengthen the authority

accountable disclosure and obligations

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Removes conflict of interest

Regulate auditors strongly

Improve guidance about

accounting standards

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SYNTHESIS
What are the fundamental pillars of good
governance?
The fundamental pillars of good governance are
What is good governance? accountability, transparency, responsibility and fairness.

Good governance means that processes and institutions produce
results that meet the needs of society while making the best use of
resources at their disposal.
Who is responsible of good governance?
Board of Directors are responsible for good governance.
The shareholders’ role in governance is to appoint the
directors and the auditors and to satisfy themselves that
an appropriate governance structure is in place.

How important is good governance?

it can improve the performance of your business, help it
become more stable and productive, and unlock new
opportunities. It can reduce risks, and enable faster and
safer growth.

What is the future of corporate governance

in the Philippines?
Philippines' access to capital markets will be a global
competition. Essentially, we will compare ourselves to
world-class enterprises.
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SYNTHESIS
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APPLICATION
Corporate Governance in the Philippines
Corporate governance in the Philippines is characterized by
concentrated ownership by a limited number of family
shareholders, within a bank-dominated financial market. A
comprehensive set of corporate law and capital market regulations
are enforced by relatively weak institutions that are undergoing
restructuring reforms.

Experience from the workplace

I can relate in some way to how good corporate governance
functions in a company based on my experience. By the time the
company experiences a crisis, it will appear that the employees
are to blame, but this is because of poor decision-making, poor
situational judgment, or poor management throughout the
company. And maybe at fault in the accounting or finance.
Anyhow, there should be good governance in such industries
somehow to prevent crises that will seriously harm the business.
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 GOOD GOVERNANCE

CONCLUSION
From the discussion it should be clear that good governance is an ideal which is difficult to achieve in its totality. Very few countries and societies
have come close to achieving good governance in its totality. However, to ensure sustainable human development, actions must be taken to
work towards this ideal with the aim of making it a reality.
The goal of the SEC's recently released model manual is to draw attention to potential improvements for the corporate governance framework in
the Philippines. They are categorized under five basic categories: enhancing the disclosure of non-financial information, defending the interests
of (minority) shareholders, developing the board of directors' role, and guaranteeing the independence of the audit.

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