GOVERNANCE MOD 1

Question 1

refers to a process whereby elements in society wield
power, authority and influence and enact policies and decisions concerning public life and social upliftment.

Answer 1

governance

Question 2

means the process of decision-making and the process by
which decisions are implemented (or not implemented) through the exercise of
power or authority by leaders of the country and / or organizations.

Answer 2

governance

Question 3

what are the 8 CHARACTERISTICS OF GOOD GOVERNANCE

Answer 3

participation
rule of law
transparency
responsiveness
consensus oriented
equity and inclusiveness
effectiveness and efficiency
accountability

Question 4

defined as the system of rules, practices and processes
by which business corporations are directed and controlled.

Answer 4

corporate governance

Question 5

basically involves
balancing the interests of a company’s many stakeholders, such as shareholders,
management, customers, suppliers, financiers, government and the community.

Answer 5

corporate governance

Question 6

all about controlling one’s
business and so is relevant, and indeed vital,; for all organizations, whatever size
or structure.

Answer 6

good governance