Good Governance & Duty to Care Flashcards
(6 cards)
1
Q
What does good governance mean ?
A
Governance - The total set of a government’s activities throughout the policy-making process.
Good Governance - The quality of Governing Institutions in terms of:
* Stability
* Interaction
* Transparency
* Responsiveness
* Procedural Fairness
* Effectiveness
* Adherance to the rule of law
2
Q
What is the Duty to care ?
A
A duty to care to
* The thing entrusted
The Owner
The destined Beneficiary
3
Q
What makes good governance ?
A
- Robust leglislation and institutional capacity
Effective system design and risk management
Consistent Enforcement, Reporting and Investigation
Incentive Systems, Conflict Resolution and Redress Mechanisms
Organisational democracy and moral community within an organisation
Empowering Leadership
4
Q
What is stewardship ?
A
The duty to care for the entity managed, its owners and beneficiaries. Government professionals are stewards of the common good.
5
Q
Examples of Stewards
A
- Board of directors
- Company Secretaries
- Permanent Secretaries
- Auditors
- Risk Managers
6
Q
Hazards of stewardship
A
- Conflicts between performance values and ethical values
- Amiguity in standards of care
- Legal limitations on liability for breaches of duty