ARTICLE: In the Philippines, a pervasive culture of migration has led millions to seek opportunities abroad, particularly since an economic downturn in the 1970s. This article tries to explain, as simply as possible, what "governance" and "good governance" means. Virata School of Business, Diliman, Quezon City 1101, Philippines This paper discusses corporate governance issues in Philippine-listed companies such as Such a governance charter was unveiled during his Inaugural Speech. Instead of performing their jobs and fulfill their function in uplifting the lives of Filipinos many of them used their power, authority, time and effort for sustaining their private interest so it may result in graft and corruption practices and anomalies in the government. attention to issues of governance. ©2000-2021 ITHAKA. Population: 96,706,764 HDI ranking: 114/187 HDI score: 0.654 Although the Local Government Code (LGC) of the Philippines is considered a milestone toward decentralization and governance reformation under the current President Aquino Jr. have taken place, the Philippines is still facing different challenges on the local level. Poor become poorer and most of politicians are becoming busy increasing their assets. Only with good governance can we harness the full potential of the country’s talents and resources to defeat the pandemic, and seize the opportunities for a reboot, a better way of doing things, to be able to move forward. “Good governance, that is, having a government that is able to make and enforce rules and to deliver services efficiently and effectively, is critical to achieving the 2030 Agenda for Sustainable Development.” Subregional Policy Dialogue on Economic and Social Survey of Asia and the Pacific 2017: Governance and Fiscal Management GOOD GOVERNANCE CHAPTER 4, Explores the complex relationship between Business and Government. For terms and use, please refer to our Terms and Conditions The International Framework is not intended to replace national and sectoral governance codes. Corporate Governance Issues in Philippine-Listed Companies Arthur S. Cayanan* University of the Philippines, Cesar E.A. The Philippine government has been boasting that as early as March 16, they had the gumption to implement a lockdown in major cities and provinces in response to … “The Philippines continues to rise towards competitiveness as reflected in the results of various global competitiveness reports,” he said. (December 2020)(Learn how and when to remove this template message) Only with good governance can we harness the full potential of the country’s talents and resources to defeat the pandemic, and seize the opportunities for a reboot, a better way of doing things, to be able to move forward. Philippine Management Review 2019, Vol. Every day, we watch on television, we hear from radios, read from newspapers and in the internet the continuous news of corruption of some politicians is the most trending issue. Some of the challenges of good governance could be as follows: 1) Corruption at various levels 2) Centralisation of power and authority 3) Criminalisation of politics 4) Violations of human rights 5) Weak legislators with criminal records, poor knowledge about development issues and low level of education It is as old as human civilization. It is not good governance per se because for governance to be good it must refer to the overall state of the country. The war against corruption by the current administration has expanded into the corporate realm when the elected President recently named a business tycoon of a publicly listed corporation as being an “oligarch” with “questionable dealings.” ISEAS - Yusof Ishak Institute is a regional centre dedicated to the study of socio-political, security and economic trends and developments in Southeast Asia and its wider geostrategic and economic environment. Mocha Uson, fake news, and the killing of Kian delos Santos are among the most talked about issues on social media in the Philippines in 2017 However, to ensure sustainable human development, actions must be taken to work towards this ideal with the aim of There are several current issues in the Philippines, let’s just say in economic, political and government conditions, education, environment,health, socials and many more. In the midst of our difficulties and despair, some politicians are taking advantage of the situation. These are some suggestions taken from the Philippine Development Plan 2011-2016 (Chapter 7: Good Governance and the Rule of Law) that enhances wide citizens' participation in governance. Governance refers to all processes of governing, the institutions, processes and practices through which issues of common concern are decided upon and regulated. It is unfair for the good DSWD secretary to say it is the fault of the LGUs that the implementation of the Social Amelioration Program has been delayed. Just as good governance raises important issues at the level of civil society, it is a regional and international issue too. seal of good local governance 36. political dynasties •with the absence of an enabling law for the anti- political dynasty provision of the constitution, lgu’s become most vulnerable to dynasties •more than 50% of lgu’s in the philippines have political dynasties •dynasties = corruption and poverty 37. political dynasties 38. Introduction ensure "good governance" are undertaken. Good Governance and Anti-Corruption The Aquino administration took office at a time when corruption undermined the economy and the credibility of the country, even as it … Increasingly, decentralization has put the spotlight on local government performance in the delivery of development agendas. Cesar Polvorosa, Jr. takes the longview. governance. USAID facilitates trade and investment by reducing regulatory bottlenecks, entry barriers and discriminatory provisions to investment; improving the environment for competition; enhancing Philippine … good governance is an ideal which is difficult to achieve in its totality. We taxpayers pay for the salaries of these lawmakers to make our country the best place to live. Honesty in service and governance beyond self-enrichment must be instituted in the system. DOWNLOAD. 48 Vitosha Boulevard, ground floor, 1000, Sofia, Bulgaria Bulgarian reg. number: 206095338. That is one of the four policy underpinnings of the Arroyo government. The government has long embraced exporting labor as official economic policy, but over time, the focus has shifted: first to protecting workers overseas and much more recently to linking migration and development. By continuing we’ll assume you’re on board with our cookie policy. Noteworthy for the Philippines is that the institutions mandating the adoption of good corporate governance did not only issue the codes but likewise required training for the directors and officers of the covered entities. Singapore is generally considered to be the model of good governance in Southeast Asia. For more news about the novel coronavirus click here. Public officers and employees must at all times be accountable to the people, serve them with utmost responsibility, integrity,loyalty, and efficiency, act with patriotism and justice and lead modest lives. To govern is to exercise power and authority over a territory system or organization 4. Moreover, it is sufficient to say that good governance will remain relevant in Philippine public administration for it is considered integral in promoting ethical standards and accountability within the public sector.Under the DND are the 3 branches of the military which are the Philippine Air Force (PAF), Philippine Army and the Philippine Navy. https://phdessay.com/current-events-in-the-philippines-and-how-it-affects-good-governance/, Current debate on good governance and civil debate, The Current Environmental Laws In The Philippines Environmental Sciences Essay. The Philippines: Governance Issues Come to the Fore 245 sive Agrarian Reform Program (CARP) is now in its last budgeted phase of distributing big private landholdings where stiff resistance has been put up by landowners. A great deal of media attention has been paid to Duterte’s murderous war on drugs as well as to his often cras… Haven’t found the relevant content? 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