Governance is the key to success

 

 

Successful governance enhances the distribution of powers, defining responsibility and accountability, and knowing the limits of decision-making at every level and for every role, as it is the cure for those who exceed their powers. 

And also for those who do not use their powers Correct application leads to transparency and clarity and prevents “nepotism or nepotism,” so dealing with everyone is fair and in accordance with the interest of the institution and not the individuals.

It limits conflicts of interest and enhances work ethics.

All of this may be called institutionalization, and correct governance accelerates obtaining results and correcting the path and mistakes.

The goal of accounting is not to cut throats, but rather to extract lessons learned, prevent the recurrence of mistakes, and advance the system, procedures, experiences, and skills to a place where we reach the achievement of benefit, goals, growth, and focus on social service and sustainability, as well as By increasing services, reducing expenses, and thus increasing profits. 

 

Governance is not management, but rather a system through which powers are distributed and decisions are made by leadership with the aim of enabling project and program managers to manage successfully. 

Governance helps the government and institutions protect the interests of all parties, especially conflicting interests, in addition to preserving shareholders’ rights, maximizing the company’s profits and market value, and managing expected risks.