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Definition of «governance»

Governance refers to the process of decision-making and administration of an organization, which includes determining policies, managing resources, and monitoring performance. It involves establishing rules, procedures, and practices that ensure fairness, transparency, accountability, and efficiency in achieving organizational goals. Governance can be applied at various levels, such as national governments, corporations, non-profit organizations, or even families.

Usage examples

  1. The company implemented a new system of corporate governance to ensure transparency and accountability.
  2. The government established a committee to oversee the governance of public funds and prevent corruption.
  3. The non-profit organization developed a governance framework to guide decision-making and ensure efficient operation.
  4. In a democratic society, the rule of law and separation of powers are fundamental to good governance.
  5. The university's governing board plays a vital role in the governance of academic policies, hiring decisions, and budget allocation.
  6. The World Bank provides technical assistance to assist developing countries in improving their governance practices.
  7. The town council organized a workshop on citizen participation in local governance to encourage community involvement.
  8. The United Nations promotes the principles of good governance to foster stability and development in member states.
  9. The board of directors reviewed and revised the company's governance policies to align them with industry best practices.
  10. The international organization conducts research and publishes reports on governance issues around the world to raise awareness and drive change.

Phrases with «governance»

Sentences with «governance»

  • A third takeaway is how challenges of governance of campuses will evolve. (gse.harvard.edu)
  • The financial crisis had revealed that significant weaknesses in corporate governance of financial institutions played a role in the crisis. (lawyer-monthly.com)
  • This book contains a long development on corporate governance in a family owned business based on our practical experience in this field. (lawyer-monthly.com)
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See also

a b c d e f g h i j k l m n o p q r s t u v w x y z