Meaning & Definition of word "Governance"
Governance
/ˈɡʌvərnəns/
noun:
- 1. The act or process of governing, particularly in terms of decision-making and the exercise of authority.
- Example: Effective governance is essential for the stability and growth of a country.
- 2. The systems and processes that ensure the overall direction, effectiveness, oversight, and accountability of an organization.
- Example: Corporate governance plays a crucial role in ensuring transparency and ethical behavior in businesses.
- 3. The manner of governing a state or organization, including the policies and laws that are created.
- Example: The governance of the local community has undergone significant changes following the recent elections.
- 4. The interaction between the state, citizenry, and various institutions involved in policymaking and implementation.
- Example: Good governance requires participation from all sectors of society to effectively address public issues.
Etymology
●Middle English, from Old French 'governance', based on Latin 'gubernare' meaning to steer or direct.
Common Phrases and Expressions
good governance:
Effective and responsible management of resources and affairs.
corporate governance:
The system by which companies are directed and controlled.
governance framework:
A structure which outlines how decisions are made and implemented.
Related Words
government:
The governing body of a nation, state, or community.
administration:
The process of organizing and managing people and resources.
leadership:
The action of leading a group of people or an organization.
Slang Meanings of governance
Meaning: gov
● Example Sentence: The gov needs to step in and do something about the crisis.
Meaning: govern
● Example Sentence: They think it's easy to govern without any experience.