Good Governance and Social Responsibility

Question 1

It includes all the practices, processes and policies that help you guide your business in the right direction.

Answer 1

Governance

Question 2

A good starting point is to make sure that everyone involved in overseeing your business is of good character. What are the three ways considered as a Good character?

Answer 2

1. Doing the right thing
2. Being honest about what you’re doing
3. Taking responsibility for your actions and decisions.

Question 3

How can good governance help your business thrive?

Answer 3

1. Grow your Business
2. Stay ahead of risks
3. Improve Compliance
4. Improve trust and reputation

Question 4

While the majority of national policies are implemented at local level, the necessary expertise and resources are not always available. Seeks to remedy this situation.

Answer 4

Decentralization

Question 5

It promotes democratic values is essential to establishing fully inclusive governance systems. Promoting democracy is a foreign policy priority.

Answer 5

Democratization

Question 6

Corruption disproportionately affects poor and vulnerable communities. Determined to combat corruption.

Answer 6

Fighting Corruption

Question 7

It can be used to alleviate traditional forms of poverty, but many countries fail to take this step. Address this problem.

Answer 7

Natural Resources and Development

Question 8

Sustainable development can only be accomplished if human rights principles are respected. The promotion of human rights is therefore a key issue.

Answer 8

Human Rights