Monthly Archives: April 2012

What are the Components of a Good Corporate Governance Process for Chamas,SACCOs and Micro Finance Institutions?

Definition of Governance

This is the manner in which power is exercised in the management of economic and social resources for sustainable human development.

It refers to the manner in which the power of a corporation (separate entity from its owners) is exercised in the stewardship of the corporation’s total portfolio of assets and resources with the objective of maintaining and increasing shareholder value and satisfaction of other stakeholders in the context of its corporate mission.

It means the establishment of an appropriate legal, economic and institutional environment that allows companies to thrive as institutions for advancing long-term shareholders’ value and maximum human-centered development while remaining conscious of their other responsibilities to stakeholders, the environment and the society in general.

 Five pillars of Good Governance

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