Good governance is a buzz word now. Without good governance Companies or institutions will fall down from the zenith of success to nadir of failure.

There are eight elements in Good governance which are as follows

1. Rule of law
2. Transparency
3. Responsiveness
4. Consensus oriented
5. Equity and inclusiveness
6. Effectiveness and efficiency
7. Accountability
8. Participation

There are lots of articles in internet about those eight elements. This elements are important, so just remember those.

Good governance

Graduation from LDC

Undiscipline in Banking Sector

World Bank Country Classification by income level