What is Governance?

Governance refers to the framework of policies, rules, processes, and practices that guide how organizations are directed, managed, and controlled. It ensures accountability, transparency, compliance, and ethical behavior within an organization, supporting its strategic goals and safeguarding stakeholder interests.

Effective governance is essential for maintaining organizational integrity and achieving long-term success. By establishing clear guidelines, monitoring performance, and ensuring compliance with legal and ethical standards, governance helps businesses minimize risks, enhance decision-making, and build trust with stakeholders.