GOVERNANCE RELATED ISSUES
Introduction
Definition and Concept
Governance refers to the processes, structures, and mechanisms that define how power and responsibilities are exercised, how decisions are made, and how citizens or stakeholders are given a voice in shaping the policies that affect them. It encompasses the political, economic, and administrative authority necessary to manage a country's affairs at all levels.
1.Key Components of Governance
i.Transparency: Open decision-making processes that allow stakeholders to understand how and why decisions are made.
ii.Accountability: Ensuring that government officials and institutions are answerable to the public and responsible for their actions.
iii.Participation: Involvement of citizens and stakeholders in decision-making processes, ensuring their voices and interests are considered.
iv.Rule of Law: Legal frameworks that are fair, enforced impartially, and protect human rights.
v.Efficiency and Effectiveness: Utilizing resources wisely to achieve desired outcomes with minimal waste.