A new social contract between the government and the governed, the people. It also places a responsibility on civil society to be an active partner in the process of achieving good governance. The influence of the civil society on the process of good government depends on its ability to speak as a united and organized social group. Good governance is an essential ingredient in achieving such attainable all around development, however, it is important to realize that there is no single model of achieving good governance. And once achieved, there is a need for proper maintenance and there is always a risk of back sliding.
Any system of government needs to comply with certain conditions to achieve good governance.
First, good politics. That is a constitutional government, effective policy formulation and a decision making. A system that provides for checks and balances, and this point is very important. Second, sound economic policies. Policies that provide for economic growth, policies that provide for a balance between empowering local people and creating a conditioned environment for investment, for foreign investors.