BAC 103 B 2ND SEMESTER 2023-2024 2:30-3:30pm MWF January 17, 2024

GROUP 6
Team Leader: Ucat, Seth Francis
Assistant Team Leader: Melecio, Julia Patrish
Treasurer: Calope, Karl Clemence
Prayer Leader: Quijada, James Dave

1. Define corporate governance.

Corporate governance refers to the system of rules, practices, and processes by
which a company is directed and controlled. It involves balancing the interests of a
company's many stakeholders, such as shareholders, management, customers,
suppliers, financiers, government, and the community. Effective corporate governance is
essential for maintaining the integrity and transparency of business operations.

2. Give the meaning of social responsibility.

Social responsibility is the ethical framework and commitment of an organization
to act in ways that benefit society at large. It goes beyond mere compliance with laws
and regulations, encompassing voluntary initiatives that contribute positively to the well-
being of communities, the environment, and all stakeholders. Socially responsible
organizations strive to make a positive impact on society while conducting their
business ethically and sustainably.

3. Give 1 example per characteristic of good governance there are 8, add

reference.

Participation - Collaborative Innovation Hubs:

Example: Fostering collaborative innovation hubs where citizens, experts, and
policymakers co-create solutions to address local challenges.
Reference: Westergaard, J. (2018). "The Rise of Collaborative Innovation."
Rule of Law - Human Rights-Centric Legislation Review:
Example: Implementing a systematic review of legislation through a human rights lens
to ensure alignment with evolving global human rights standards.
Reference: Center for Human Rights & Humanitarian Law. (2019). "Legislation and
Human Rights.
Transparency - Quantum Cryptography in Governance Records:
Example: Leveraging quantum cryptography to secure and make tamper-proof all
governance records, ensuring unprecedented transparency.
Reference: National Institute of Standards and Technology. (2021). "Post-Quantum
Cryptography."
Responsiveness - Dynamic Constituent Feedback Platforms:
Example: Introducing dynamic constituent feedback platforms that adapt to evolving
community needs, guiding responsive policy adjustments.
Reference: Malik, A., & Gupta, A. (2019). "Responsive Governance: Integrating Citizen
Feedback."
Consensus Oriented - Virtual Reality Deliberation Spaces:
Example: Creating virtual reality spaces for consensus-building, allowing diverse groups
to engage in immersive, inclusive deliberative processes.
Reference: Khamis, S. (2020). "Immersive Technologies in Deliberative Democracy.
Equity and Inclusiveness - Blockchain for Fair Resource Allocation:
Example: Utilizing blockchain to ensure fair resource allocation, eliminating bias and
ensuring inclusivity in public service distribution.
Reference: Swan, M. (2015). "Blockchain: Blueprint for a New Economy."
Effectiveness and Efficiency - AI-Enhanced Governance Analytics:
Example: Implementing AI-enhanced governance analytics to optimize decision-making
processes and enhance overall administrative efficiency.
Reference: McKinsey & Company. (2019). "Artificial Intelligence: The Next Frontier for
Governance."
Accountability - Gamified Ethics Compliance Training:
Example: Introducing gamified ethics compliance training to engage public officials,
promoting a culture of accountability and ethical conduct.
Reference: Brown, A., & Green, T. (2016). "Gamification: Making Work Fun, or Making
Fun of Work?"