Abstention is the act or instance of deliberately refraining from an action or practice, often seen in the context of voting and decision-making.
A committee is a group of people appointed for a specific function or task, usually with the goal of making decisions or recommendations. Committees exist in various contexts, such as corporate, governmental, academic, and nonprofit organizations.
Fundamental principles of law by which a government is created and a country is administered, representing a mandate from the people on governance.
A delegate can refer to both the act of transferring authority to another person or the individual who is authorized to act on behalf of others. Delegation is crucial in various fields such as management, governance, and project management to ensure efficient functioning and responsibility sharing.
Ex officio is a term referring to rights, privileges, or duties granted by virtue of holding a particular office or position within an organization.
The Financial Accounting Foundation (FAF) in the USA oversees and provides funding for the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). It appoints members and supervises the standard-setting process to ensure the integrity and reliability of accounting principles.
GRC is an integrated approach to managing an organization's governance, risk management, and compliance activities. It promotes cohesive information sharing and coordination to enhance purpose and efficiency.
An immediate holding company has a controlling interest in another company but is itself controlled by a third company, commonly known as the holding company. It plays a key role in corporate structure and governance.
ICSA (Institute of Chartered Secretaries and Administrators) is a global professional body for governance, risk, and compliance professionals, offering certifications, networking opportunities, and thought leadership to advance the highest standards of governance practices.
International Public Sector Accounting Standard (IPSAS) sets forth accounting principles specifically tailored to the public sector, ensuring reliable and transparent financial reporting globally.
Employees in senior positions within an organization who have the authority to direct or control its major activities and resources, crucial for strategic decision-making and governance.
A formal procedure followed in the conduct of any meeting, usually adhering to Robert's Rules of Order. It ensures the orderly and efficient management of the meeting's agenda.
A policy is a deliberate system of principles to guide decisions and achieve rational outcomes. It is a statement of intent, and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an organization.
An unquestioned right or privilege that belongs to an individual, often due to their position, status, or membership in a particular group.
An overview of the quasi-autonomous non-governmental organization, often abbreviated as QUANGO, including its function, structure, and relevance in public administration. While not government entities, these organizations operate under government oversight to fulfill specific public duties.
Quorum is the minimum number of members of a body who must be present for the group to legally transact business.
