Good Governance
/ˌɡʊd ˈɡʌvərnəns/
Definitions
- (n.) The effective, transparent, accountable, and equitable management of a state's affairs and resources according to rule of law principles.
Good governance is essential for ensuring public trust and lawful administration of public resources.
- (n.) The framework of policies, institutions, and practices through which an organization or government is operated and regulated in compliance with legal and ethical standards.
Corporate good governance helps prevent fraud and promotes stakeholder confidence.
Forms
- good governance
Related terms
See also
Commentary
Good governance emphasizes adherence to legal norms, transparency, and accountability as fundamental criteria in both public and private sector management.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.