Good governance practices in Ghana’s FLEGT voluntary partnership agreement process: an application of Q methodology

Good governance emphasises upon efficient and effective institutional mechanism, greater transparency, people’s participation, citizen-centric services and accountability. These reforms are not only limited to national governance practices but also applicable to distribution, disbursement and effectiveness of development assistance. The objective of development assistance is to provide opportunities to needy, deprived and disadvantageous sections of the society. The available data on development assistance clearly demonstrate that rich countries, Development Assistance Countries (DACs) provide financial assistance to poor countries and it has reached US$100 billion in recent years. Non-DAC bilateral assistance (NDBA) is more than US$8 billion in Office of Disaster Assistance (ODA) and US$5 billion annually in country programmable aid (CPA). Private aid (PrA) from DAC members contribute between US$58 billion and 68 billion per year. Total aid flows to developing countries currently amount to around US$180 billion annually. Multilateral aid agencies (around 230) outnumber donors and recipients combined. But the harsh reality is high percentage of illiteracy, high child mortality, gender inequality, prevalence of corruption and exclusion of needy people from the development process. The examination of the process and procedures involved in development process revealed that there are many challenges in the process adopted for allocation, methodological limitations, evaluation limitation, lack of coordination among multiple agencies, political compulsions of donor and recipient countries, transparency, accountability and multidimensional global financial markets compulsions. Certain measures can make development more inclusive and sustainable. Collective efforts of all agencies are the need of the hour to achieve the targets of sustainable development. Coordination among multiple agencies, capacity building of target population and involvement of private agencies in the development process will pave the way for sustainable development.

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Editorial: Practical implications of governance and regulation

Journal of Governance and Regulation ◽

10.22495/jgrv10i2sieditorial ◽

2021 ◽

Vol 10 (2, special issue) ◽

pp. 192-194

Author(s):

Branka Mraović

Keyword(s):

Western Europe ◽

Good Governance ◽

Special Issue ◽

The Balkans ◽

Regulatory Frameworks ◽

Governance Practices ◽

The Usa ◽

Market Opportunities ◽

Written Word ◽

Practical Implications

The authors of papers in this special issue of the Journal of Governance and Regulation come from different parts of the world such as West and South Africa, South and Southeast Asia, the Middle East, the Balkans, Western Europe, and the USA, and offer interesting, vivid and educational experiences how countries with different economic, political, cultural and regulatory frameworks deal with global challenges, testifying that the universalism of science and good governance practices transcend geopolitical conflicts and divisions. Each of these papers sheds light on some aspect of governance and provides financiers, investors, regulators, scientists, managers, professionals, students, and other interested readers with useful insights into the market opportunities and challenges of developing countries. The practical implications of these academically written papers are supported by a solid research methodology that ensures the credibility of the written word and calls for new empirical verifications.

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Empirical Assessment of Good Governance in the Public Sector of Malaysia

10.31235/osf.io/84ewh ◽

2019 ◽

Author(s):

Maizatul Akmar Khalid ◽

Md. Mahmudul Alam ◽

Jamaliah Said

Keyword(s):

Public Sector ◽

Good Governance ◽

Primary Data ◽

Policy Makers ◽

The Public ◽

Governance Systems ◽

Governance Practices ◽

The Status ◽

Questionnaire Respondent ◽

Service Groups

To improve the trust of citizens and delivery of services, employing good governance principles in the public sector is very crucial. Despite efforts to improve service delivery, criticisms and complains toward public services remain evident. This study aims to assess the status of good governance practices in the public sector of Malaysia. Primary data were collected from the responses of 109 department heads under 24 federal ministries to a survey questionnaire. Respondent perception of good governance practices was measured using a seven-point Likert scale and analyzed by descriptive statistics and path measurement modeling. Standard diagnostic tests were also conducted to check the reliability of the data and model. Results indicated that nine factors were significant in the measurement of good governance practices. However, very few people in the public sector of Malaysia practice fraud control, which is at the lowest intensity. Among the service groups, the engineer group practiced good governance at the highest level, whereas the health service group practiced good governance at the lowest level. Therefore, still there are scopes available to improve good governance systems to become more reliable and efficient public sector in Malaysia. Findings of the study will help policy makers improve the efficiency of the public sector of Malaysia and other countries.

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PROBLBEM SOVING AND DECISION MAKING TRAINING FOR VILLAGE OFFICIALS TO IMPROVE THE QUALITY OF VILLAGE FINANCIAL MANAGEMENT IN CIAWI DISTRICT, BOGOR REGENCY

ICCD ◽

10.33068/iccd.vol2.iss1.275 ◽

2019 ◽

Vol 2 (1) ◽

pp. 588-590

Author(s):

T Herry Rachmatsyah ◽

Harry Nenobais

Keyword(s):

Decision Making ◽

Financial Management ◽

Good Governance ◽

Skills Training ◽

Simulation Methods ◽

Group Discussions ◽

Governance Practices ◽

The Village ◽

Management Cycle

Village finance must be managed in a transparent, accountable, and participatory manner, and carried out in an orderly and disciplined budget. For this purpose, village officials must have sufficient skills to be able to manage village finances based on good governance practices. In general, villages will experience various problems in each stage of the village financial management cycle and decisions must be made on these issues. To improve problem solving and decision-making skills, training was carried out using lecture, discussion, and simulation methods with training participants consisting of village heads, village secretaries, and heads of financial affairs or village treasurers. During the training, participants showed high attention to the material provided by the facilitators and actively participated in group discussions and simulations. The trainees also considered that the material presented was relevant to their needs and it was hoped that the knowledge gained could be applied to improve the quality of financial management in their respective villages

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Corporate governance, globalization and firm performance in emerging economies

International Journal of Productivity and Performance Management ◽

10.1108/ijppm-04-2017-0091 ◽

2018 ◽

Vol 67 (8) ◽

pp. 1310-1333 ◽

Cited By ~ 10

Author(s):

Neha Saini ◽

Monica Singhania

Keyword(s):

Corporate Governance ◽

Firm Performance ◽

Panel Data ◽

Foreign Capital ◽

Good Governance ◽

Foreign Ownership ◽

Foreign Firms ◽

Content Type ◽

Governance Practices ◽

The Relationship

PurposeThe purpose of this paper is to examine relationship between corporate governance (CG) and firm performance for a set of 255 foreign-funded firms in the form of foreign direct investment (FDI) and private equity (PE). The authors employ a wide range of CG measures including board size, meetings, board gender and foreign ownership which are used as the proxy of globalisation and control variables like firm age, leverage, firm size and capital expenditure to arrive at a conclusion.Design/methodology/approachPanel data set of 255 (187 companies funded by foreign capital in the form of FDI, and 68 companies having foreign capital in the form PE) companies listed on Bombay Stock Exchange, for the period of eight years (2008–2015) are analysed by using static (fixed and random effects) and dynamic (generalised method of moments (GMM)) panel data specifications to examine the relationship among CG, globalisation and firm performance.FindingsThe empirical results of static model indicate the relationship between CG and performance of foreign firms, which are not very strong in India. This is due to the fact that most of the firms are not following the guidelines and regulations strictly in the initial period of sample years. Diversity in board is found as an important variable in accessing firm performance. And the authors also found that foreign firms are very particular about the implementation of CG norms. The results of GMM model highlight the interaction term of foreign ownership with governance indicators. CG is having a positive and significant impact over performance, inferring that higher foreign ownership (in the form of FDI and PE) in firm leading to positive effect on profitability.Practical implicationsThe investor’s preference of financing a unit is guided by the performance of a firm. Investors are more inclined towards high-performing firms, and hence higher profitability leads to higher inflow of capital. The result indicates that higher accounting and market performance may be achieved by good governance practices, in turn, leading to reduced agency costs. Countries with high governance scores attract more of foreign capital. Similar to the best governed countries, the companies having good governance practices attract more foreign inflows in the form of capital.Originality/valueWhile previous literature considered a single measurement framework in the form of a CG index, the authors tried to incorporate a range of CG indicators to study the effect of globalisation and CG on firm performance. The authors segregated foreign-owned funds into two parts, especially FDI and PE. This paper examined heterogeneity in the form of FDI-funded and PE-funded firms, as no prior literature is available which has evaluated different sets of foreign funds simultaneously on CG.

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LEADERSHIP AND SOCIAL INFLUENCE: ASSESSING THE FUTURE-READY HUMAN SKILLS TOWARDS THE EFFECTIVENESS OF GOOD GOVERNANCE PRACTICES

Journal of Science, Technology and Innovation Policy ◽

10.11113/jostip.v7n2.92 ◽

2021 ◽

Vol 7 (2) ◽

pp. 35-38

Author(s):

Zawiyah Mahmood ◽

Shathees Baskaran

Keyword(s):

Social Influence ◽

Good Governance ◽

Leadership Traits ◽

Public Servants ◽

Effective Leaders ◽

The Social ◽

Governance Practices ◽

Public Organisation ◽

Human Skills ◽

Influence Process

Leadership and social influence have been hotly debated as among the top 21st-century skills. Previous research on leadership and social influence has focused mostly on leadership traits and characteristics, while little research has examined the social influence process by which public servants become effective leaders. The purpose of this paper is to develop an initial review from a public service perspective to outline the skill that contributes to the development as a future-ready human skill by public servants. This conceptual paper relies on prior research and existing theory to focus on the developmental processes that lead to acquiring the leadership and social influence skill as future-ready human skills. Additionally, leadership and social influence skills could contribute to particular behaviours to the effectiveness of good governance practices. Based on the literature review, it is assumed that there is a positive relationship between leadership and social influence and the effectiveness of good governance practices. Most importantly, this paper addresses how the skill is unique and most realistically developed in a public organisation.

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Young People-Sensitive and Participatory Governance Approaches

Participation of Young People in Governance Processes in Africa - Advances in Public Policy and Administration ◽

10.4018/978-1-5225-9388-1.ch005 ◽

2019 ◽

pp. 80-99

Author(s):

Jeffrey Kurebwa

Keyword(s):

Decision Making ◽

Young People ◽

Good Governance ◽

Participatory Governance ◽

Active Involvement ◽

Core Set ◽

Public Resources ◽

Governance Practices ◽

Local Levels

This study seeks to make a strong case for young people's visibility in the governance framework, not only in the sectors that are traditionally linked to their wellbeing and development. Young people should be visible with respect to their role in governance and accountability. This will help ensure that commitments made across all these areas are translated into relevant actions on the ground; it will support young people's ability to hold national and local authorities accountable, and strengthen young people's active involvement in promoting good governance practices at the global, national and local levels, laying the foundations for their long-term engagement as active citizens. The state has the responsibility to perform a core set of duties that allow society to function and exist. In doing so, it forges a relationship with its citizens. Participatory governance is one of many strategies of governance, and refers to the processes and deliberations that citizens are engaged in when discussing the distribution of public resources and broader decision making.

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Governance Practices and CEO Hubris

Transforming Corporate Governance and Developing Models for Board Effectiveness - Advances in Logistics, Operations, and Management Science ◽

10.4018/978-1-7998-6669-5.ch008 ◽

2021 ◽

pp. 161-182

Author(s):

Paola Ferretti ◽

Cristina Gonnella

Keyword(s):

Decision Making ◽

Corporate Governance ◽

Internal Control ◽

Financial Distress ◽

Good Governance ◽

Power Dynamics ◽

Control Mechanisms ◽

Managerial Entrenchment ◽

Governance Practices

This chapter analyzes the connection between CEO hubris and corporate governance contingencies, including a case study of an Italian bank for which the state of financial distress shall be linkable also to bad governance. The main objective is to verify whether, in presence of hubristic CEO, the internal control mechanisms, set to ensure the board vigilance and limit the overconfidence of the leader, are implemented, and if so, whether such mechanisms, even when formally respected, may be not so appropriate to guarantee a good governance. Particularly, the existence of a CEO hubris could neutralize their positive expected balancing effects on the power dynamics between CEO and board, such as to give prevalence to substance over form. Therefore, it may occur that some governance mechanisms (e.g., independence, non-duality), even if formally implemented, are unable to stem the managerial entrenchment of the CEO, who succeeds in enhancing immoderately his substantial power in the decision-making process.

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Somali National Reconciliation

War and Peace in Somalia ◽

10.1093/oso/9780190947910.003.0018 ◽

2019 ◽

pp. 215-226

Author(s):

Abdurahman Abdullahi “Baadiyow”

Keyword(s):

Good Governance ◽

Participatory Approach ◽

The State ◽

Political Elite ◽

The Political ◽

Power Struggle ◽

Governance Practices ◽

National Reconciliation

This chapter redefines the Somali conflict by refuting Somali exceptionalism and the approach based solely on clan. Instead, it argues that the genesis of hostilities is the state–society conflict that, as a consequence, has generated a violent power struggle among the political elite. In turn, this political elite power struggle has provoked political clannism and Islamism: the two indigenous ideologies. These conflicts have been generated sequentially as a result of state–society conflict, and must be addressed as part of a four-part process of reconciliation. The chapter also recommends a ten-point programme of reconciliation, which gradually realizes good governance practices and comprehensive elite and clan reconciliation. Moreover, it proposes a participatory approach and prudent synthesis of modernity and tradition.

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