The concept of governance can be considered at many levels: international, national, local and corporate. It relates to the way decisions are made and how those decisions are implemented – through regulation, policies, processes and so on.
This Positive Pursuit focuses on how a company might influence governance structures beyond its own organisation – such as those within governments or public institutions – to support the systemic pursuit of future-fitness.
Trust in governance is associated with low levels of corruption, democratic stability and relative economic equality, but there is no shortcut to trust. Institutions can only accrue trust over time if they are transparent in their decisions, consistently do what they say they will, and continuously strive to act in the best interests of those they serve. The relationship between trust and good governance is circular: each fosters the other.
This Positive Pursuit applies if – as a result of the company’s action:
- Governance at an international, national or local level is made to be more accountable, participatory, responsive, responsible and transparent.