BIS Review 46/2004  3  The on-going work of the Parliamentary Public Accounts Committee, which is an attempt to instill accountability on the use and management of public resources, iscommendable. So are the efforts of the Ombudsman Commission, the Institute of Directors, Inc., Transparency International and other organisations that aim to promote good governance and accountability.
These institutions not only advocate the use of proper rules and guidelines in conducting business, but also the use of one’s good sense and due diligence. Whilst it is one thing to have in place the best rules and regulations, it is another thing to practice them using common sense.