Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
18 Cards in this Set
- Front
- Back
|
The process of decision-making and the process by which decisions are implemented through the exercise of power or authority by leaders of the country and/or organizations. |
Governance |
|
|
both men and women is a key cornerstone of good governance. Participation could be either direct or through legitimate institutions or representatives. It is important to point out that representative democracy does not necessarily mean that the concern of the most vulnerable in society would not be taken into consideration in decision making. This means freedom of association and expression on one hand and an organized civil society on the other hand. |
Participation |
|
|
Good governance requires fair legal frameworks that are enforced impartially. It also requires full protection of human rights, particularly those of minorities. |
Rule of law |
|
|
the decision taken and their enforcement are done in a manner that follows rules and regulations. It means that information is freely available and directly accessible to those who will be affected by such decisions and their enforcement. It also means that enough information is provided and that it is provided in easily understandable forms and media. |
Transparency |
|
|
Good governance requires that institutions and processes try to serve the needs of all stakeholders within a reasonable timeframe.Consensus Oriented - Good governance requires mediation of the different interests in society to reach a broad consensus on what is in the best interest of the whole community and how this can be achieved. |
Responsiveness |
|
|
Ensures that all its members feel that they have a stake in it and do not feel excluded from the mainstream of society. This requires all groups, but particularly the most vulnerable, have opportunities to improve or maintain their well-being. |
Equity and Inclusiveness |
|
|
Good governance means that processes and institutions produce results that meet the need of society while making the best use of the resources at their disposal. |
Effectiveness & Efficiency |
|
|
Accountability is a key requirement of good governance; should be held responsible for the impact of their actions on society and the environment. Not only governmental institution but also the private sector and civil society organizations must be accountable to the public and to their institutional stakeholders. Who is accountable to whom varies depending on whether decisions or actions taken are internal or external to an organization or institution. In general, an organization or an institution is accountable to those who will be affected by its decisions or actions. |
Accountability |
|
|
An artificial being created by operation of law, having the right of succession and the powers, attribute and properties expressly authorized by law or incident to its existence. |
Corporation |
|
|
Group of people running the day-to-day activities of the corporation. |
Management |
|
|
People who lend to the corporation goods, services or money. |
Creditors |
|
|
People who invest their capital in the corporation. |
Shareholders |
|
|
People who contribute their skills, abilities and ingenuity to the corporation. |
Employees |
|
|
People who buy the corporation’s product and/or services. |
Clients |
|
|
concerned with the tax of the corporation; sometimes, clients and set standards and regulate important aspects of corporate activities. |
Government |
|
|
OBJECTIVES OF A CORPORATION |
• Early Stage Survival• To Increase Profit• To Offer Vital Services To General Public• To Offer Goods And Services To The Mass Market |
|
|
Provide effective oversight through election of board members, approval of major initiatives such as buying or selling stock, annual reports on management compensation from the board. |
Shareholders |
|
|
The major representative of stockholders to ensure that the organization run according to the organization’s charter and that there is proper accountability. The specific role of BOD are the following: |
BOARD OF DIRECTORS |
