Good Governance

Governance is the decision-making process and how decisions are implemented (or not implemented). Governance can be used in several contexts: corporate governance, international governance, national governance, and local governance. Since governance is the process of decision making and the process by which decisions are implemented, an analysis of governance focuses on the formal and informal actors involved in decision-making and implementing the decisions made and the formal and informal structures that have been set in place to arrive at and implement the decision. Good Governance is a kind of instrument in which the stakeholders of an entity are pleased with its functioning. The important faces of good governance are ethical practices, uprightness, accountability, freedom from exploitation, prejudice, adherence to the rules and regulations of an organisation, etc. Good Governance in an organisation is as essential as a nervous and muscular system in the human body.