THE CORE
PRINCIPLES OF
GOOD CORPORATE
GOVERNANCE
OBJECTIVE
AT THE END OF THE LESSON THE STUDENTS SHALL BE
ABLE TO…
• IDENTIFY THE CORE PRINCIPLES OF GOOD
CORPORATE GOVERNANCE
• ILLUSTRATE HOW FAIRNESS, ACCOUNTABILITY,
TRANSPARENCY, AND STEWARDSHIP IS OBSERVED.
• REFLECT ON THE IMPORTANCE OF GOOD CORPORATE
GOVERNANCE.
BRIEF INTRODUCTION
A Good Corporate Governance in all businesses and
even in non-profit organizations such as foundations is
very important in order to build trust and confidence
with the investors, donors, and the community in
general. A good corporate governance builds the
integrity of the institution.
FAIRNES
S
• Fairness comes from the old English word faeger, which means with
“pleasing or attractive.” It is the quality of making judgments that are free
from discrimination. Fairness in the context of a business organization
involves balancing the interests involved in all decision-making including
any decisions related to hiring, firing (including the investigatory process),
and the compensation and rewards system. Hiring the right people is one
of the most important decisions an organization makes.
ACCOUNTABILIT
Y
• Accountability is the obligation of an individual or organization to account
for its activities, accept responsibility for them, and to disclose the results
in a transparent manner. Accountability in the context of a business
organization is the obligation to demonstrate that work has been
conducted in compliance with agreed rules and standards or to report
fairly and accurately on performance results vis-à-vis mandated roles
and/or plans.
TRANSPARENCY
• Transparency is defined as being authentic in the way an organization
message themselves externally – to stakeholders, to prospective
customers and talent, and within the community. It allows stakeholders to
understand whether the activities of social institutions provide a genuine
service to civil society and whether money is used appropriately. Thus,
transparency means there is lack of hidden agendas or conditions,
accompanied by the availability of full information required of
collaboration, cooperation, and collective decision-making.
STEWARDSH
IP
• In Biblical terms, stewardship is defined as utilizing and managing all
resources God provides for the glory of God and the betterment of His
creation. That definition plays a critical role in today’s business landscape.
In the context of business organization, stewardship refers to taking
responsibility for the business and the effects it has on the world around it.
This involves considering more than just the bottom line and looking at
elements such as values, ethics, and morals
MANG EUGENIO VENTURA: FILIPINO TAXI
DRIVER WITH A GOLDEN HEART
The story of Mang Eugenio Ventura, an
extraordinary cab driver, went viral in the
social media when a passenger spread the
good work about him, not rejecting
passengers (despite heavy traffic in Metro
Manila) and declining tips. Apart from
being fair and honest, he is the jolly type –
he just laughs off the congestion on the
main roads of the city. He got featured in
an episode of the TV Program “Mission
Possible.”
Answer the following questions in three to five
sentences:
1. What do you think has molded the fair,
honest and cheerful behavior of Mang Eugenio?
2. What lesson have you learned from the good
example of Mang Eugenio?
3. In school, how can you teach and train
students in fair, honest and ethical behavior?
THANK
YOU
