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What Is A Governance Agreement

An example of this is the use of a partnership board, a contract management board, and an operational board that is directly linked to the contract management team. Figure 7.3 below shows a typical structure of PPPs with the members of each board and body and their lines of communication. This is a typical structure for the entire implementation of the PPP. Corporate governance is a set of rules, laws and processes by which companies or organizations are operated, regulated or controlled. A corporate governance agreement is concluded between the company and its shareholders in order to agree on a binding corporate governance framework. A well-designed agreement aligns the conduct of business with the goals of the organization without being too burdensome for both parties. The PPP contract defines the various obligations of the private partner with regard to the management and reporting of its activities and achievements on the basis of the project specifications. . . .