. | What is human governance essentially about? | | | | Meeting the education and development needs of members as part of a commitment to help members be knowledgeable and maintain their relevance in today's markets | | | 2. | How is human governance different from corporate governance? | | | | Corporate governance is manifested as an external, outside-in rules and regulations to legislate the corporations whereas human governance is an inside-out values-based conviction to guide the human where human is viewed essentially as a non-material soul and embodied in the physical being rather than as machine. Being parameter-driven and rule-based, corporate governance emphasises the letter of the law unlike human governance which is about the spirit of the law. | | | 3. | How will human governance benefit us? | | | | As the leading segment of society, business has become the most powerful force for positive change in the world today taking over the role of governments. Decision-making process of business now must take into consideration human well being and the interest of the people.
For business corporations to assume this role is never easy since conflict can arise between serving the self and the public. History shows that the original corporations were actually regulatory agencies such as guilds or local governments and had nothing to do with profits. But, over time, events such as the formation of “joint stock companies” and the court’s decision to grant legal person status to corporations have resulted in corporations being incapable of commitment to a community or any other undertakings that could diminish its profits.
Rather unfortunate too, free market fundamentalists further exacerbate the situation by arguing that for corporations to pursue any other goal besides profit-maximisation, would disrupt the market