Core Principles Of

Fairness, Accountability,
And Transparency
What is Corporate
Governance?

is the system of rules,

practices and processes by
which a company is
directed and controlled.
 Corporate Governance
What is good?
A good corporate governance in all
businesses and even in non-profit
organizations is very important in
order to build TRUST and
CONFIDENCE with the investors,
donors, and the community in
general.
What is bad?
Bad corporate governance can lead to the
breakdown of a company, often resulting in
scandal and bankruptcy in a situation
where an organization fails to adhere to
principles and practices that ensure
accountability, transparency, fairness, and
effective oversight of its operations.
Core Principles of a Good
Corporate Governance

• Fairness
• Accountability
• Transparency
 The Concept of Fairness, Accountability and
Transparency

Business leadership significantly impacts the moral capability and

performance of organizations, influencing the scope and character of
formal ethics programs and the integration of ethics into everyday life.
However, most business leaders are not held accountable for
dysfunctional moral, social, and environmental performance
 The four key dimensions of integrity
capacity

• Process
• Judgement
• Development
• System
 Fairness
This is the standard of judging which is exempted
from bias or prejudice. Involves balancing the interest
involved in all decisions-making including any
decisions related to hiring, firing (including the
investigatory process), and the compensation and
rewards system. Recent research has expanded the
meaning of equity or fairness.
 Accountability
Is the obligation of an individual or
organization to account for its
activities,accept responsibility for them,
and to disclose the results in a
transparent manner. Accountability is
the explication and justification process.
 Being accountable creates a sense of
trust and reliability, both with your
team and with yourself. It's essential
Why accountability to be reliable and consistent in your
work, especially when you're in a
is important? leadership position. When people
know they can count on you, they'll
want to follow your lead. And you
must be honest with yourself.
 Accountability:
What it is
• To be accountable is to be liable to explain or justify
one’s actions and decisions.
• Accountability is the process of explanation and
justification.
• Holding to account is the process of requiring
explanation and justification, but it is also about testing,
forming a judgment, and if necessary, taking action.
• Accountability implies responsibility: it is reasonable
only to hold people to account for those things for which
they are responsible.
What it is not
• It is not synonymous with responsibility.
• It does not imply a management
relationship.
• It is not a “one off”annual event.
• It is not the same as appraisal.
• It is not about confrontation, “putting
someone in his place” or “giving him a hard
time.”
What is accountability structure

• accountability structure is the organizational

framework that depicts the different groups within
the partnership and includes an outline of the roles
and responsibilities of each group, describing the
processes, people, and supports necessary to
function effectively.
 Transparency

•Is defined as being authentic in the way an

organization message themselves externally .
•The board should provide timely, accurate, and
clear information about such things as financial
performance, conflicts of interest, and risks to
shareholders and other stakeholders
Concept of Competence,
Professionalism and
Responsibility
Competence
• are viewed as being equally important for
worker excellence.
• to be able to connect with colleagues to
balance, to understand different perspectives,
to balance sometimes conflicting claims, and
to act competently both interpersonally and
ethically
 The following are the minimum competencies expected
of professionals.

Technical Skills
encompass the ability to apply specialized knowledge or
expertise.
Human Skills
is the ability to understand, communicate with, motivate, and support
other people, both individually and in groups, which defines human
skills
Conceptual Skills
are the skills and the mental ability that managers must have to analyze
and diagnose complex situations.
 The first and most basic necessary skill for a working
professional is solid competence in the human sphere and the
world of work.:

Such competence requires the following characterist

• human maturity - a • work is done in a spirit of

person works not only service and love for those
around us - the worker has to
hard and solidly but also
take in and develop the social
efficiently, that is, will
dimension that work involves
professionalism
Professionalism
The working professional also needs "relational
intelligence" (RI) in order to connect and interact
effectively and respectfully with people and
stakeholders from various backgrounds diverse cultures,
and with different interests, inside and outside the
organization, and to build lasting and trustful
relationships.
 Responsibility

• means to make sure that the company's products

and services meet the needs of the customers and
clients, that they are safe and not harmful, and that
real and potential risks are openly and
transparently communicated (Maak and Pless,
2006).
Part of the responsibility of the worker is to
be trustworthy: employees need to
demonstrate that they have integrity,
benevolence, and ability in situations
where trust is important-say, where they
could behave opportunistically or let
employees down but don't.
 A simple definition of accountability is
taking, or being assigned, responsibility
for something that you have done, or The Relationship of
something you are supposed to do. From Accountability with
an ethics perspective, accountability is
Ethical Businesses
answerability, blameworthiness,
liability, and the expectation of account-
giving for one's actions.
• Scholars have recently considered ethical leadership from a new
angle by examining servant leadership.
• Servant leaders go beyond their own self-interest and focus on the
opportunities to help followers grow and develop.Servant leaders
go beyond their own self-interest and focus on the opportunities
to help followers grow and develop.
• Responsibility for one's education and work experience has also
been found related to ethical behavior in
organizations.sponsibility for one's education and work
experience has also been found related to ethical behavior in
organizations.sponsibility for one's education and work
experience has also been found related to ethical behavior in
organizations.
 The Notion of
Organizational Diversity
and the Role of Women
in Business
Organizations
-Organizations use a variety of efforts to capitalize on diversity, including
recruiting and selection policies, as well as training and development practices.
-Much concern about diversity has to do with fait treatment. Regardless of race or
gender, people are generally in favor of diversity-oriented programs including
affirmative action, if they believe the policies ensure everyone a fair opportunity
to show their skills and abilities.

Women in Organization
Several studies show that business organizations stand to gain from the presence of women,
especially on their Boards of Directors. Although women will remain a distinct minority on
boards for the foreseeable future, women continue to be appointed to boards through their
personal relationships as well as track records and appropriate expertise (Burke, 1997).
 Answer!
1.Cindy, the treasurer, accommodates the inquiries as to the cash on
hand of their cooperative.
2. While fixing his table, Arthur acccidentally dropped the
electronic. calculator provided by the company.
3. XYZ Enterprises gave all its employees 13th month pay.
4. Sonia and Rita fought inside the office. Hence, both were
suspended for three days.
5. The cashier took her noon break but forgot to lock her drawer. To
her dismay, all her collections the whole morning were stolen.
6. The book of sales of XYZ Corporation is open for those who are
interested.
7. The employee discovered that his/her salary was short by P1,000 and
asked the payroll officer who, in turn, showed him/her the records.
8. The purchaser of the company paid the exact amount for the supplies.
9. The teller was short by P2,000.
10. The driver forgot to get the baggage.
11. The boss shows the receipt to the accountant.
Thank you for
listening and
corporations!