Governance Trends

Governance trends as in how societies or groups within organize their decisions process” and questions such as:

  • Who has the power? 
  • Who makes the decisions? 
  • How accounts are rendered? 
  • How the players make their voice heard?

A governance definition supplied by the Canadian Institute of Governance - IOG, a not-for-profit public institution dedicated to knowledge, research and advice on good governance. 

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The IOG - the Institute Of Governance - believes that the principles of good governance are difficult to assess, but the Institute admits that the democratic global governance and set of UNDP - United Nations Development Programme principles are universally recognized.

A set of UNDP  governance indicators the IOG has divided into five (5) principles of governance.  

  1. Legitimacy and Voice in decision making
  2. Direction and Strategic vision
  3. Performance, Openness and Results
  4. Accountability and Transparency
  5. Fairness, Equity and Legal frameworks

The IOG also recognizes that these principles are often complex and sometimes conflicting. Principles of governance that frequently overlap or that play out in practice depending on the social context.

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New Modes of Governance

According to the  UNDP, managing governance standards consists of managing three main issues, that is, the exercise of economic, political and administrative authority

The UNDP uses nine characteristics to describe collaborative governance. Principles of governance and institutional qualifications that appear in much of the literature.

Governance indicators such as participation and inclusion, non-discrimination and equality, rule of law and accountability along with institutional qualities such as performance, adaptability, and stability.

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Managing Governance Trends

Governance as in the management of directors and managers who have the power and the responsibility to supervise a business enterprise and to ensure long-term success.

A governance that also refers to the organisation and the coordination of business activities, to the achievement of pre-established objectives and to the understanding and appreciation of how corporations are controlled and directed. 

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Good Governance Plan

Deloitte Canada uses eight (8) simple questions to summarise good business management. 

  1. Are our natural leaders leading? 
  2. Are there redundancies in our process? 
  3. Does everyone buy into the plan?
  4. How are we finding the best people? 
  5. How do we fit in the company we are buying? 
  6. How much do we have and how much do we need?  
  7. When is doing nothing riskier than doing something? 
  8. Where do we need to be? 

Governance and developing management standards and practices regarding among others, administrative conformity, financial reporting and corporate risk.

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Good business management that requires expertise in areas such as accounting, development, finance, human resources, information systems, marketing, production and research.

Also according to Deloitte Canada, governance trends must always take into account legal and constitutional accountability and responsibilities plus, basic business management should always include strategic planning and decision making.

Business and Corporate Governance

According to HEC Montreal, the basic business management concepts are "planification, organisation, direction, contrôle" in French, in English and in any other language.

Planning means planning in advance, organising means organising human and material resources, directing means motivating and directing civil servants and employees, and controlling means implementing a plan and supervising its development.

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Governance in Cities

The general purpose of our Montreal Island Kit section is to explore and describe the Island of Montreal, learn about our municipal organisations, political bodies and elected officials and study important documents such as bylaws, budgets and auditors' reports.

The purpose of our local government and governance is to analyse the services offered within the limits of the City of Montreal, along with those offered to the entire population of the Island of Montreal.

The more we know about the services provided by our decision makers, the more we can take actions. The more we participate in a collaborative governance the more we can make sure our community is healthy, safe and secure.

Montreal ISLAND Kit

Governance Trends by Rachel Louise Barry