World Class Governance :inclusivity, effective leadership a Nexus to High Performance and Robust Economic Growth

World Class Governance : Inclusivity , Effective Leadership a Nexus to High Performance and Robust Economic Growth is a discourse  on board roles and accountability is mainly circumscribed by the conceptual crafting of board roles incumbent upon many corporate schools of thought such as agency theory, resource dependence theory, stakeholder theory, resource-based view, stewardship theory and institutional theory. In the early rubric on boards of directors, an analysis is pedestalled upon the different viewpoint that most corporates which are preforming poorly is due to bad governance and bad ethics. They recommended four roles: legalistic role, resource dependence role, class hegemony role, and agency theory role. However, not all roles found significant robust empirical advocacy, but agency theory is the most recognized research perspective on corporate boards. The responsibilities range from fiduciary, strategic and generative, which the corporate Board can exert and exercise in institutions' governance. Boards of directors have plethoric roles such as monitoring and advising role. This discourse will unpack the Board's four crucial roles, namely promoting the interest of all stakeholders. Formulation and approval strategy, exercising effective control and accountability and responsibility   Corporate governance can be delineated as   procedures, processes, and attitudes to which a corporation is directed, controlled, and governed .

Critical elements of corporate governance 

 

·         Structure of Openness and transparency

·         Process of accountability 

·         Culture of honesty, truthfulness

·         Integrity in organization

·         Brand of objectivity

·         Leadership promoting and supporting principles