Abstract
In an age of rapid development, scarce resources, conflicting interests, increasing uncertainty and corrupt practices, most countries, including Egypt, are searching for a form of governance that could mitigate the former risks and create substantial and sustainable development. How governance could be “Good" to combat corrupt practices, is a crucial question . Good Governance is about value creation and managing values. Value creation is a key concept and a mean for diffusing good governance practices in state institutions. The research question is about the extent to which value creation impacts governance and corruption in organizations. It examines the direction of relationship between values and governance and between values and corruption. The paper adopts the organizational cultural theory, which focus on the culture that directs the organizational governance. The research paper is divided into three parts: the first part discusses the conceptual and theoretical approach of corruption and governance, while the second part explains the value approach, and value - creation in its relation to governance of state institutions. The third part discusses the state of governance and corruption in Egypt and organizational purpose in government institutions. The research paper concluded that the vagueness of Egypt's governance framework may encourage corrupt practices and repeat mistakes of a weak governance in the old capital.
Keywords: Governance, corruption, value-creation, constructivism, New Republic,, Egypt.