Practices in Governance

 
Reflects unique culture and largely depend on it for effectiveness
 
Organizational Culture
 Sets values, objectives and strategies
 Defines roles and behaviors
 Measures performance
 Specifies accountability
 
Ensure that organization
 Complies with society's legal and regulatory rules
 Satisfies the generally accepted business norms and enhances the interests of
stakeholders*
 Reports fully and truthfully to its stakeholders