Good governance is a relatively new term that is often used to describe the desired objective of a enterprises’ business culture. The principles of good governance, however, are not new. Good governance is, in short, anti-corruption whereas authority and its institutions are accountable, effective and efficient, participatory, transparent, responsive, consensus-oriented, and equitable.
Business ethics are an important consideration in managing an organisation in the current business climate. In many of the decisions you make as an enterprise, there might be questions to be resolved with regard to ethics in business. Enterprises need a strong code of business conduct.
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