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for better understanding have your books and notes with you as you watch this video lecture so welcome to mgt 209 lets start with the introduction to corporate governance governance is a process whereby elements in society will power authority and influence and enact policies and decisions concerning public life and social upliftment it is the process of decision making and the process by which decisions are implemented or not implemented through the exercise of power or authority by leaders of the country and or organizations there are eight major characteristics of good governance its up to you or a new technique to remember this but these are important so for me um angnemonics call for this i clear pet c for consensus oriented l for law e for equity and inclusiveness a for accountability r for responsiveness p for participation e for effectiveness and efficiency and t for transparency so lets start with c consensus oriented im concerned company mo is kung an best interest of the