Public governance

 Public governance refers to the formal and informal arrangements that

determine how public decisions are made and how public actions are carried out,
from the perspective of maintaining a country’s constitutional values when facing
changing problems and environments. The principal elements of good
governance refer to accountability, transparency, efficiency, effectiveness,
responsiveness and rule of law. There are clear links between good public
governance, investment and development. The greatest current challenge is to
adapt public governance to social change in the global economy.
 Public governance is important for investors and their businesses. It helps build
trust and provides rules and stability needed for planning investment in the
medium and long term.
The 9 key questions on Public
Governance Related

Regulatory governance and the rule of law:

 Regulatory reform framework.
 Coordination across government.
 Regulatory impact analysis (RIA).
 Public consultation .
 Simplifying the administrative burden.
Public sector integrity:
 International standards and national legislation.
 Application and enforcement.
 Review mechanisms .
 International initiatives.
Corporate governance
 Corporate Governance essentially refers to the actions
of directors who run publicly quoted companies.
principles of Corporate Governance also apply to public
services organizations and can be adapted for small
businesses and cooperatives and social enterprises too.

 Corporate governance is the system of rules, practices

and processes by which a company is directed and
controlled.
4ps of corporate governance
 :there are the 4ps of corporate governance People, Purpose,
Process, and Performance. These are the Four Ps of Corporate
Governance, the guiding philosophies behind why governance
exists and how it operates. Let’s have a look at exactly what each
of the Ps means.
People :
They are the founders, the board, the stakeholder and consumer and impartial
observer. People are the organizers who determine a purpose to work towards,
develop a consistent process to achieve it, evaluate their performance
outcomes, and use those outcomes to grow themselves and others as people.
Purpose:
Purpose is the next step. Every piece of governance exists for a purpose and
to achieve a purpose. The ‘for’ is the guiding principles of the organization.
Their mission statement. Every one of their policies and projects should exist to
further this agenda.
4ps of corporate governance

 Process:
Governance is the process by which people achieve their company’s
purpose, and that process is developed by analysing performance.
Processes are refined over time in order to consistently achieve their
purpose, and it’s always smart to take a critical eye to your governance
processes.
Performance:
Performance analysis is a key skill in any industry. The ability to look at
the results of a process and determine whether it was successful (or
successful enough), and then apply those findings to the rest of your
organization, is one of the primary functions of the governance process.
8 Positive Impacts of Corporate Governance in
Companies

 Ensures that the management of a company considers the best

interests of everyone.
 Helps companies deliver long-term corporate success and economic
growth.
 Maintains the confidence of investors and as consequence companies
raise capital efficiently and effectively.
 Has a positive impact on the price of shares as it improves the trust in
the market.
 Improves control over management and information systems (such as
security or risk management).
 Gives guidance to the owners and managers about what are the goals
strategy of the company.
 Minimizes wastages, corruption, risks, and mismanagement.
 Helps to create a strong brand.