ABSTRACT

The purpose of this chapter is to identify how some widely accepted governance practices are not necessarily consistent with the objectives of good governance. One reason for this inconsistency is that there is little agreement as to what are the objectives of generic good governance, be it in the public, private or non-profit sectors. The objective of good governance suggested for all sectors in this chapter is the ability of an organization to further its purpose for its existence without imposing costs, harms and risks on society while acting equitably and ethically. In this way Corporate Social Responsibilities (CSRs) become integrated into corporate governance while minimizing the extent, cost and need for government laws, regulations, regulators, legal actions and codes (Turnbull 2014d).