African
Union
Good Corporate
The way an organization takes responsibility for the impact of its activities on the
Citizenship (includes
environment, consumers, employees, communities, stakeholders and all other members of
corporate social
the public by the deliberate inclusion of public interest into corporate decision-making, and
responsibility)
the honouring of a triple bottom line: People, Planet, Profit.
Government tendering
The set of arrangements through which the government procures goods and services from
system
independent suppliers (normally through a competitive bidding process)
Government-linked
A corporate entity that may be private or public or listed on a stock exchange where
company (GLC)
government owns a stake (<50%)
Implementation
Implementation is where a State carries out or executes his or her obligation under a treaty.
Implementation gives practical effect to a treaty in order to ensure that desired outcomes are
realized.
Incorporated Entity
An organization that has been registered according to national procedures by a notary, at the
Companies Registry, Register of Commerce or equivalent.
Independent Members
Individuals who have no link to the organization other than being a member of the Board.
of the Board
Countries have adopted specific definitions of what makes a member of the Board
„independent of character and judgment‟.
Informal Sector
Economic activity that is neither taxed nor monitored by a government, and is not included
in that government's Gross National Product. It has been suggested that within many African
countries more than 50% of the labour force is employed in the informal sector. See the
suggested definition in the questionnaire
Insider Trading
Trading in the shares of a company by an individual who has knowledge of undisclosed
„price sensitive information‟ that comes from an inside source.
Internal and external
Unanticipated events originating within or without the country that adversely effect the
economic shocks
economy
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