Governance

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Chapter 2 in The Crisis of Governance, 2023, pp 18-39 from Edward Elgar Publishing

Abstract: Governance is about running organizations, public and private. It is about steering, guiding. It is about solving societal problems; and can include structures and institutions that have nothing to do with the political system. Governance involves agreement amongst participants and stakeholders that there is to be an organization with a purpose; agreement that there will be rules to govern how it is to be run; agreement to behave within the rules; recognition that the governance function is different from the management function; and finally, that there is accountability from management to governance. Authoritarian and autocratic societies do exhibit governance in that they are able to deliver public services. However, as these societies are based on traditional or charismatic authority they are unlikely to work as well as rational-legal authority, Weberian bureaucracy, science, facts and logic.

Keywords: Business and Management; Economics and Finance; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
Date: 2023
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