1. the act or process of governing; the way that a city, company, etc., is controlled by the people who run it
2. the system of rules and processes by which an organization operates and makes decisions
Usage: often used in business and organizational contexts

Examples

• The company improved its governance by adding independent board members.
• Good governance requires transparency and accountability.
• The university reviewed its governance structure after the scandal.
• Corporate governance standards have become stricter in recent years.
• The nonprofit organization struggled with poor governance practices.
• Democratic governance depends on citizen participation.
• The board discussed governance issues at their monthly meeting.