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- Created 2012-02-26
is the act of governing. It relates to decisions that define
, or verify
. It consists of either a separate process or part of
processes. In modern nation-states, these processes and systems are typically administered by a
When discussing governance in particular organisations, the quality of governance within the organisation is often compared to a standard of
In the case of a
or of a
, governance relates to consistent management, cohesive policies, guidance, processes and decision-rights for a given area of responsibility. For example, managing at a corporate level might involve evolving policies on
, on internal investment, and on the use of data.
To distinguish the term
: "governance" is what
"governing body" does. It might be a geo-political entity (nation-state), a corporate entity (business entity), a socio-political entity (chiefdom, tribe, family, etc.), or any number of different kinds of governing bodies, but governance is the way rules are set and implemented.
from Wikipedia (last updated: 14 June), licensed under
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