What is governance?

Governance refers to the processes, systems, and structures through which authority and decision-making are exercised in an organization or society. It involves the establishment of rules, regulations, and policies that guide the actions and behavior of individuals and institutions. Governance aims to ensure accountability, transparency, and effectiveness in the management and administration of resources, as well as the protection of rights and interests of stakeholders. It can be applied at various levels, including corporate governance, public governance, and global governance.