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Is only possible if society is equipped with a deeper understanding of our environment and how today’s
decisions influence our world tomorrow. Educating ourselves on sustainable development will allow us to meet
both these challenges and embark the better future.
Responsible Governance
“ If you don’t know where you are going, any road will get you there” applies to organizations as
well as to individuals.
Responsible governance and sound management systems are interdependent and both are
necessary for an organization to achieve its objectives and its commitments to its stakeholders.
While governance and management systems exist in all organizations, it is the structure,
character and robustness of those systems that make the difference between successful long-lived
organizations and short-lived organizations that have fleeting success or fail altogether.
What are the elements of Responsible Governance?
Strategic Vision
Culture of compliance : Implement and maintain effective controls and processes to :
Comply with legal and regulatory requirements in all jurisdictions in which the organization operates;
Comply with its own by laws, policies , rules and procedures and apply them fairly and impartially;
Comply with the legal and legitimate interests of stakeholders;
Organize and address situations where local laws and regulations do not exist , or are not sufficient to
enable the organization to act in accordance to with its commitment to social responsibility; and
Review compliance programs periodically to gain reasonable confidence that they are effective .
Effective Performance
Legitimacy is based on :
Authority and competence to make decisions that affect
stakeholders;
Decisions comply with legal obligations and are consistent with
objectives, mandate and commitments of the organizations;
Involvement of the stakeholders affected by the decision in the
decision making process;
The type of involvement of stakeholder in decision-making will vary
based on the decision and the stakeholders affected; however,
involvement should be characterized by:
Clear definition of the decision-making and implementation processes and the respective rights
and responsibilities of the parties;
Opportunity to be included at all stages of decision-making;
Access to timely and complete information needed to make informed contributions and to
exercise good judgment, including access to independent technical or legal advice, where
necessary ; and
The level of consensus between stakeholders and the organization when making a decision.
Wherever possible , decisions that have the possibility to impact stakeholders in important ways
should be made on the basis of consensus.
Fairness
DECEMBER 4, 2018
EO 70 , THE WHOLE-OF-NATION
APPROACH