The quality of corporate governance

The corporatist governing is the system based on which institutions are ruled and controlled. The corporatist administration implies a set of relations between the leaders of an institution, the unions and the economic agents. The corporatist administration also offers the structure according to which the goals of the institution are established, as well as the means to reach those goals and to monitor the gained performances. A good corporatist administration should offer the motivation to achieve the goals which are in the best interest of the institution and the tax payers and should also facilitate an efficient monitoring, thus encouraging the institutions to use the resources sufficiently. The transparency and permanent informing are the main issues when talking about a real corporatist administration. These allow the unions as well as economic agents to assess the performances of the management with influence over their behaviour. Moreover, the information systems can form managers which will have access to more means so as to rule more efficiently. Last but not least, the transparency and providing information offer the tax payers the opportunity to understand the structure of the institution, its activities and policies so that he can understand the performances and ethical standards on which it is based