Governance is the ethical and effective management of an organisation by its executives and its governing board of directors or trustees. The corporate governance framework consists of rules, practices and processes to ensure accountability, fairness and transparency in an organisation’s relationship with all of its stakeholders (including financiers, customers, management, employees, government and the community).

BPIR Categories

12.2 Ensure compliance with regulations
12.4 Implement resource preservation program
13.3 Manage government/regulator relationships
13.6 Interface with board of directors
15.6.1 Vision/leadership processes
15.6.16 Governance/stakeholder trust in senior leaders
15.6.18 Regulatory and legal compliance
8.1.3 Develop and administer governance system

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