Good Corporate Governance

A Good Corporate Governance should be –

1. Efficient and effective (i.e. doing the right things and doing things and doing things right)
2. In tune with the applicable legal requirements.
3. transparent as regards decisions and actions.
4. Accountable to stakeholders.
5. Consensus– oriented and participatory in decision –making, i.e. promote acceptability of decisions rather then forcing them on the parties concerned.
6. Equitable and inclusive.
7. Responsive and adaptive to environmental change.