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BEIRUT EXPLOSION AND CEDRE IMPLEMENTATION: THE LAST OPPORTUNITY FOR EFFECTIVE CORPORATE AND PUBLIC GOVERNANCE
Authors: Charbel EL AMMAR,Wissam EL HAJJ,Abdo KATAYA
Number of views: 120
In any nation across the world, effective governance involves improving the lives of all, providing value for new
generations, consistent allocation of duties and functions, accountable decisions, providing quality of information,
transparency and responsibility, good performance, a strong legal system, and above all developing sustainability
on all levels. Governance is rooted and established based on the collaboration and coordination among nation’s
governments, organizations, and people. The sluggishness in setting such governance goals as well as the
incapability of many governments, like the Lebanese one, to develop and execute adequate legislative and
institutional initiatives coupled with the absence of corporate governance knowledge, given that organizations
remain connected to their elderly conventional method to manage their businesses that are based on nepotism,
corruption legislation, and sectarian distribution, represent a crucial challenge for any reform and good governance
endeavor. This paper aims to approach the need for Lebanon to reconsider new governance strategy and
organizational and institutional reforms, especially, in conjunction with the severe economic crisis facing the country,
the explosion of the port of Beirut on August 4, 2020, and the awaiting implementation of CEDRE project. The
analysis revealed that moving to a new perspective in a complicated social and political environment, like Lebanon,
involves multiple aspects. As a result, an in-depth implementation of a New Lebanese Public Governance in
Lebanon along with political stabilization must lead to a progressive structural administrative reform and change
which will also contribute to boosting confidence with the international community and speed up the international
financial donation and support that will help Lebanon to heal its wounds and rise again. The defiance is to figure out
if this could be another lost opportunity.