Effective corporate governance does not, in and of itself, mean good corporate governance; ‘good’ may well be implicit; I prefer to make it explicit. The word ‘corporate’ can also be somewhat misleading and some people may, mistakenly, conclude that corporate governance is a matter for large organisations. My recent survey evidence suggests that this is not the case; corporate governance applies to all organisations, I have therefore decided to use the ‘shorthand’ good governance. Corporate governance and good governance are used interchangeably throughout this article.
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