Final Project Good Governance
Final Project Good Governance
The class will be grouped into five. Each group is given a task to create an actual business/marketing
research about the 4 Ps of Corporate Governance for a corporation of their choice. Each group will
present the findings and their recommendations for the company to improve.
These are the Four Ps of Corporate Governance, the guiding philosophies behind why governance exists
and how it operates.
People:
People come first in the Four Ps because people exist on every side of the business equation. They are the
founders, the board, the stakeholder and consumer and impartial observer.
Your group should determine who these people are and who are the organisers who determine a
purpose to work towards, develop a consistent process to achieve it, evaluate their performance
outcomes, and use those outcomes to grow themselves and others as people.
Purpose:
Purpose is the next step. Every piece of governance exists for a purpose and to achieve a purpose. The
‘for’ is the guiding principles of the organisation. Their mission statement. Every one of their policies and
projects should exist to further this agenda.
The must determine everything that is part of the organization’s purpose and put it into writing.
Process:
Governance is the process by which people achieve their company’s purpose, and that process is
developed by analysing performance. Processes are refined over time in order to consistently achieve
their purpose, and it’s always smart to take a critical eye to your governance processes.
Can they be streamlined? Are they efficiently achieving their purpose? The group must know the
underlying processes that the company incorporates to achieve their goals.
Performance
Performance monitoring analysis is a key skill in any industry. The ability to look at the results of a
process and determine whether it was successful (or successful enough), and then apply those findings to
the rest of your organisation, is one of the primary functions of the governance process.
Using these results to develop personal skills is how the Four Ps cycle revolves endlessly. So take a critical
eye to the company’s governance. The group must know if the company is performing. How they monitor
employee performance or what are the steps they are taking to conduct monitoring.
The uploaded output should be in PDF format. After the given deadline for submission, there will be a Q
& A section through Google Meet. Each group is given a maximum of 20 minutes when asked about
their output. After 20 minutes, Google Meet will be automatically logged out by the instructor and
another group will follow.