Governance involves institutionalizing a system through which citizens, institutions, and groups exercise their rights and interests for the collective good, going beyond just government. Good governance principles include accountability, participation, rule of law, transparency. Social responsibility means businesses and individuals act to benefit society in addition to profit/shareholder value through legal, ethical, economic, and discretionary responsibilities. There is a strong link between good governance and social responsibility as governance encourages efficient resource use while requiring accountability and social responsibility aims to positively impact stakeholders. Multiple stakeholders can bring both conflict and convergence around these issues.