The document discusses three key aspects of good governance: rule of law, which refers to complying with all laws and regulations regardless of personal views; participation, which means allowing everyone to have a voice through freedom of speech and consensus-based decision making; and corporate social responsibility, where companies ensure their operations are ethical and beneficial to society.
The document discusses three key aspects of good governance: rule of law, which refers to complying with all laws and regulations regardless of personal views; participation, which means allowing everyone to have a voice through freedom of speech and consensus-based decision making; and corporate social responsibility, where companies ensure their operations are ethical and beneficial to society.
The document discusses three key aspects of good governance: rule of law, which refers to complying with all laws and regulations regardless of personal views; participation, which means allowing everyone to have a voice through freedom of speech and consensus-based decision making; and corporate social responsibility, where companies ensure their operations are ethical and beneficial to society.
Participation Concept of good governance o Refers to an opportunity for everyone to voice their opinions o Freedom of speech or expression Consensus oriented decision-making o Ensures that even if everyone does not achieve what they want to the fullest o Pag gagawa ng decision, it should be a consensus (nagkasundo sa iisang opinion), that would be beneficial to all o Yung decision / policy is beneficial to all
Corporate Social Responsibility (CSR) Ensure the company's operations are ethical and beneficial for society Holds a prominent place for many corporations under the umbrella of good corporate governance How good governance (rules, processes, and practices) manifest themselves in a corporate environment