GOVERNANCE QUALITY AND ITS DRIVERS

Abstract

This study examines the essential elements of governance quality and its determinants, with a particular focus on data transparency, public information accessibility, corporate governance, and adaptability to economic changes and technology advancements. It explores how effective governance frameworks grounded in principles like accountability, transparency, and ethical behavior can enhance both public and private sector performance. In addition, the study identifies practices crucial for improving governance, particularly in the areas of data management and integrity, by conducting a detailed analysis of relevant strategies and frameworks. The findings highlight the ongoing need for strengthening governance practices, implementing mechanisms to reduce corruption, and increasing public confidence. Furthermore, the paper emphasizes the private sector's growing responsibility to promote resilience and ensure sustainable investment through solid governance practices.