African Union Corruption The use and misuse of public office, position or resources for personal gain or for purposes for which the office, position or resources were not designed. Corruption may involve the following Bribery (taking/demanding and giving/offering), influence-peddling, nepotism, embezzlement and conflict of interests) Decentralization Transfer of power and/or responsibility, concerning the accomplishment of a task, from the general management of an organization or the central department of an institution to lower levels or to the private sector. Economic Increasing the number of sectors in the economy and reducing the economy‟s diversification reliance/dependence on a single or limited number of productive sectors, commodities or markets. It also means the development of internal linkages among existing sectors to complement each other and reduce imbalances in the economy Environmental Long term maintenance of ecosystems components and functions for the future generation. sustainability It could also be defined as meeting the needs of the present without compromising the ability of future generations to meet their needs. Equity Equality of chances Specifically mentioned in Principle 3 of the Rio Declaration, according to which “the right to development must be fulfilled so as to equitably meet developmental and environmental needs of present (intra-generational equity) and future generations (inter-generational equity)”. The notion of equity refers frequently to that of public interest (general interest). Vision of equality, which seeks to ensure that individuals have the “same chances”, the same socio-economic development opportunities, irrespective of their social or ethnic origin, sex, financial resources of their parents, their place of birth, their religious convictions, eventual disability … Equality of chances consists mainly in favouring population groups that suffer discrimination in order to ensure for them an equity treatment. It implies that differences associated with the environment of origin are neutralized. Family Owned A business in which one or more members of one or more families have a significant Enterprise ownership interest (e.g. >20% of shares) and significant commitments toward the business‟ overall well-being. vii