Table of Contents
What is the role of government in a citizens life?
The government is responsible for ensuring security to the citizens and providing facilities for education and health to all. It collects taxes and spends the money on administration, defence and development programmes.
The most formal is a government, a body whose sole responsibility and authority is to make binding decisions in a given geopolitical system (such as a state) by establishing laws. Governance is the way rules, norms and actions are structured, sustained , regulated and held accountable.
What is the importance of good governance in the lives?
Good governance is at the heart of any successful business. It is essential for a company or organisation to achieve its objectives and drive improvement, as well as maintain legal and ethical standing in the eyes of shareholders, regulators and the wider community.
What is the role of government in promoting good corporate governance?
In addition, the Government should put in place appropriate legal and institutional frameworks that promote good corporate governance. It is the role of the Government to put in place regulations and laws to govern the conduct of companies in order to maintain a stable economy.
What is the role of government in maintaining the economy?
It is the role of the Government to put in place regulations and laws to govern the conduct of companies in order to maintain a stable economy. Economies that operate without adequate government regulation and oversight are prone to bouts of instability that leads to chaos and collapse of national economies.
How can we promote good governance and economic development in Africa?
The Government (like any others elsewhere in Africa) plays a pivotal role in promoting good governance. There is empirical evidence that shows a positive correlation between economic development and good governance. Corporate entities, in both the private and public sectors, play a critical role in our economy.
Does national governance set the right political tone?
National governance sets the right political tone; the so called ‘Tone from the Top’. Good corporate governance in companies can only thrive in an environment where the government itself fosters a culture of good governance characterised by transparency and accountability.