Governance
/ˈɡʌvərnəns/
Definitions
- (n.) The framework of rules, practices, and processes by which an organization or entity is directed and controlled.
Corporate governance ensures accountability to stakeholders.
- (n.) The act or manner of governing or exercising authority.
Effective governance is essential for public institutions.
Related terms
See also
Commentary
Governance often denotes the broader system rather than day-to-day management, emphasizing structures and principles guiding decision-making.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.