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Govbusman Module 1 - Chapter 1

Governance refers to the systems and processes by which entities are directed and controlled, including their decision making, accountability, and behavior. Governance influences how objectives are set and achieved, risk is monitored, and performance is optimized. Examples of governance include national governance of countries, local governance of municipalities, corporate governance of companies, and international governance of global organizations. Corporate governance structures typically involve boards of directors and committees that oversee accountability and decision making. The purpose of corporate governance is to align interests between a company's board and its stakeholders.

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Rohanne Garcia Abrigo
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202 views1 page

Govbusman Module 1 - Chapter 1

Governance refers to the systems and processes by which entities are directed and controlled, including their decision making, accountability, and behavior. Governance influences how objectives are set and achieved, risk is monitored, and performance is optimized. Examples of governance include national governance of countries, local governance of municipalities, corporate governance of companies, and international governance of global organizations. Corporate governance structures typically involve boards of directors and committees that oversee accountability and decision making. The purpose of corporate governance is to align interests between a company's board and its stakeholders.

Uploaded by

Rohanne Garcia Abrigo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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DISCUSSION QUESTIONS:

1. What does Governance mean?


Governance is system and process by which entities are directed and controlled. It is concerned
with structure and processes for decision making, accountability, control and behavior at the
top of an entity. Governance influences how an organization’s objectives are set and achieved,
how risk is monitored and addressed and the way performance is optimized.

2. Explain how governance can be used in the following contexts and give appropriate examples:

2.1. national governance

2.2. local governance

2.3. corporate governance

2.4. international governance

3. What does corporate governance structure involve?

4. State the purpose of corporate governance.

5. Explain whether the following statement is true or false.

“Responsiveness usually results to effectiveness and efficiency”.

COMMENTS:

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