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Role of governance in society

Role of governance in society
April 09
18:52 2015
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Role of governance in society

All the processes of governing either undertaken by a government, network or market, whether over a family, formal or informal organization or territory or tribe, whether through laws, power, norms or language are referred to as governance. The processes of interaction and decision making among the actors that are involved in a collective problem that lead to the reinforcement, creation or reproduction social norms and institutions. Governance plays an important role in the society. Its different uses are:

Role of governance as process:

The actions or processes by which stable practices and organizations arise and persist are referred to as this theoretical concept of governance. Many formal and informal organizations of any size operate these actions and processes for any purpose that may be good or evil, profitable or non-profitable. One can apply the concept to state, to NGOs, to corporations, to non-profits, to project teams, to partnerships and other associations and to any number of human engaged in some purposeful activity if governance is conceived in this way.

As private governance:

When governmental entities that may consists of private organizations, dispute resolution organizations or other third party groups who make the rules and standards that affect the quality of life and opportunities of larger public then private governance occur. Simply public policy is made by private entities. Both public sector and private sector can create the public policy so governmental policy is the name that is given to the policy made by the government.

As public governance:

There is a difference between the governance and politics because a group of people reach collective decision in the politics. Generally there are three ways in which public governance occurs. These are:

  1. By using the market mechanisms while operating under government regulation the principles of competition serve to allocate resources.
  2. With the collaboration of community organizations or by networks that involves public-private partnership (PPP).
  3. By the top-down methods involving primarily governments and state bureaucracy.

As global governance:

The processes between and among the states, markets, citizens and organizations both inter- and non-governmental and the complex of formal and informal institutions, mechanisms, relationships through which collective interests on the global plane are articulated, right and obligations are established, and differences are mediated. Relationship between the independent states is the best example of it. Wherever a group of free equals needs to form a regular relationship the term is applied there.

As non-profit governance:

Fiduciary responsibility that a board of trustees (sometimes called directors—the terms are interchangeable) has with respect to the exercise of authority over the explicit public trust that is understood to exist between the mission of an organization and those whom the organization serves is primarily focused by the non-profit governance.




As project governance:

The processes that are needed to exist for a successful project are described by the term governance that is used in industry especially in the information technology (IT) sector.

As corporate governance:

  1. The rules and the laws that are applied to that direction
  2. The manner in which a corporation is directed by the board

Both of these are described by the word governance that is used by the corporate organizations. The set of processes, customs, policies, laws and institutions affecting the way people direct, administer or control a corporation are the constituents of the corporate governance. The relationships among the many players involved (stakeholders) and the corporate goals are also included in the corporate governance. Shareholders, management and the board of directors are included in the principle players. Supplier, employees, banks and other lenders, customers, regulators, environment and community at large are the part of other stakeholders.

As information technology governance:

The connections between the business focus and IT management are primarily deal by the IT governance.  To assure the investment in IT generate business value and mitigate the risks associated with IT projects is the goal of clear governance.

As regulatory governance:

The emergence of decanter and mutually adaptive policy regimes which rests on regulation rather than service provision or taxing and spending is reflected by the regulatory governance. In order to deal with the complexity with delegated system of rules the term captures the tendency of policy regimes. The areas and nations that are more complex, global, contested and more liberally democratic are likely to appear in it. Regulatory state and the governance are the two terms that are build upon and extended by the term.




As participatory governance:

Deepening democratic engagement through the participation of citizens in the processes of governance with the state is focused by the participatory governance. More direct roles in public decision making should be played by the citizens or at least engage more deeply with political issues is the main concept of this.

 

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