Common use of Good governance Clause in Contracts

Good governance. 1. The Parties reaffirm that good governance rests on transparent, responsible, accountable and participatory governments, and appropriate oversight mechanisms. The Parties agree that good governance is critical to the respect of all human rights, democratic principles and the rule of law. They commit to universal access to public services without any discrimination. They further commit to transparency and accountability as integral elements of good governance and institution building. 2. The Parties commit to the transparent and accountable management of human, natural, economic and financial resources for the purposes of equitable benefit sharing and sustainable development. 3. The Parties commit to the creation of an enabling environment for transparency and accountability to thrive in public administration, including enhancing integrity and independence of governance institutions. The Parties shall develop and implement sound public finance management systems compatible with the fundamental principles of effectiveness, transparency and accountability, with a view to protecting public finances and improving the delivery of public services by eliminating administrative bottlenecks and tackling regulatory deficiencies. 4. The Parties shall ensure transparency and accountability in public funding, including financial assistance, and in the delivery of public services. They shall improve revenue collection and tackle tax evasion and avoidance and illicit financial flows. They agree to cooperate in the fight against money laundering and terrorism financing and engage in timely partnership dialogue at bilateral and international levels on matters related to anti-money laundering and terrorism financing. 5. The Parties shall combat corruption at all levels and in all its forms, developing and implementing or maintaining effective, coordinated anti-corruption policies that reflect the principles of the rule of law, proper management of public affairs and public property, integrity, transparency and accountability. They shall adopt legislative and other measures to prevent and prosecute bribery and embezzlement, misappropriation or other diversion of resources by public officials for their direct or indirect benefit, and to recover and return assets obtained through corruption. 6. The Parties recognise and commit themselves to implementing the principles of good governance in the tax area, including the global standards on transparency and exchange of information, fair taxation and the minimum standards against Base Erosion and Profit Shifting (BEPS). They shall promote good governance in tax matters, improve international cooperation in the tax area and facilitate the collection of tax revenues. They shall cooperate to enhance capacity to comply with those principles and standards and reap the benefits of a thriving rules-based financial sector. They agree to engage in timely partnership dialogue at bilateral and international levels on tax matters. 7. The Parties agree that good governance shall underpin their domestic and international policies and constitutes a fundamental element of this Agreement. They also agree that serious cases of corruption, including acts of bribery leading to such corruption, constitute a violation of that element.

Good governance. 1. The Parties reaffirm that good governance rests on transparent, responsible, accountable and participatory governments, and appropriate oversight mechanisms. The Parties agree that good governance is critical to the respect of all human rights, democratic principles and the rule of law. They commit to universal access to public services without any discrimination. They further commit to transparency and accountability as integral elements of good governance and institution building. 2. The Parties commit to the transparent and accountable management of human, natural, economic and financial resources for the purposes of equitable benefit sharing and sustainable development. 3. The Parties commit to the creation of an enabling environment for transparency and accountability to thrive in public administration, including enhancing integrity and independence of governance institutions. The Parties shall develop and implement sound public finance management systems compatible with the fundamental principles of effectiveness, transparency and accountability, with a view to protecting public finances and improving the delivery of public services by eliminating administrative bottlenecks and tackling regulatory deficiencies. 4. The Parties shall ensure transparency and accountability in over public funding, including financial assistance, and in the delivery of public services. They shall improve revenue collection and tackle tax evasion and avoidance avoidance, and illicit financial flows. They agree to cooperate in the fight against money laundering and terrorism financing and engage in timely partnership dialogue at bilateral and international levels on matters related to anti-money laundering and terrorism financing. 5. The Parties shall combat corruption at all levels and in all its forms, developing and implementing or maintaining effective, coordinated anti-corruption policies that reflect the principles of the rule of law, proper management of public affairs and public property, integrity, transparency and accountability. They shall adopt legislative and other measures to prevent and prosecute bribery and embezzlement, misappropriation or other diversion of resources by public officials for their direct or indirect benefit, and to recover and return assets obtained through corruption. 6. The Parties recognise and commit themselves to implementing implement the principles of good governance in the tax area, including the global standards on transparency and exchange of information, fair taxation and the minimum standards against Base Erosion and Profit Shifting (BEPS). They shall promote good governance in tax matters, improve international cooperation in the tax area and facilitate the collection of tax revenues. They shall cooperate to enhance capacity to comply with those these principles and standards and reap the benefits of a thriving rules-rules- based financial sector. They agree to engage in timely partnership dialogue at bilateral and international levels on tax matters. 7. The Parties agree that good governance shall underpin their domestic and international policies and constitutes a fundamental element of this Agreement. They also agree that serious cases of corruption, including acts of bribery leading to such corruption, constitute a violation of that element.

Good governance. 1. The Parties reaffirm that good governance rests on transparent, responsible, accountable and participatory governments, and appropriate oversight mechanisms. The Parties agree that good governance is critical to the respect of all human rights, democratic principles and the rule of law. They commit to universal access to public services without any discrimination. They further commit to transparency and accountability as integral elements of good governance and institution building. 2. The Parties commit to the transparent and accountable management of human, natural, economic and financial resources for the purposes of equitable benefit sharing and sustainable development. 3. The Parties commit to the creation of an enabling environment for transparency and accountability to thrive in public administration, including enhancing integrity and independence of governance institutions. The Parties shall develop and implement sound public finance management systems compatible with the fundamental principles of effectiveness, transparency and accountability, with a view to protecting public finances and improving the delivery of public services by eliminating administrative bottlenecks and tackling regulatory deficiencies. 4. The Parties shall ensure transparency and accountability in over public funding, including financial assistance, and in the delivery of public services. They shall improve revenue collection and tackle tax evasion and avoidance avoidance, and illicit financial flows. They agree to cooperate in the fight against money laundering and terrorism financing and engage in timely partnership dialogue at bilateral and international levels on matters related to anti-money laundering and terrorism financing. 5. The Parties shall combat corruption at all levels and in all its forms, developing and implementing or maintaining effective, coordinated anti-corruption policies that reflect the principles of the rule of law, proper management of public affairs and public property, integrity, transparency and accountability. They shall adopt legislative and other measures to prevent and prosecute bribery and embezzlement, misappropriation or other diversion of resources by public officials for their direct or indirect benefit, and to recover and return assets obtained through corruption. 6. The Parties recognise and commit themselves to implementing implement the principles of good governance in the tax area, including the global standards on transparency and exchange of information, fair taxation and the minimum standards against Base Erosion and Profit Shifting (BEPS). They shall promote good governance in tax matters, improve international cooperation in the tax area and facilitate the collection of tax revenues. They shall cooperate to enhance capacity to comply with those these principles and standards and reap the benefits of a thriving rules-based financial sector. They agree to engage in timely partnership dialogue at bilateral and international levels on tax matters. 7. The Parties agree that good governance shall underpin their domestic and international policies and constitutes a fundamental element of this Agreement. They also agree that serious cases of corruption, including acts of bribery leading to such corruption, constitute a violation of that element.