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Governance

Synonyms

Definition

Governance refers to the process or system by which decisions are made and implemented within an organization, community, or society. It encompasses the structures, processes, and mechanisms through which authority is exercised and policies are formulated, implemented, and evaluated. Effective governance is characterized by transparency, accountability, participation, and responsiveness to the needs and interests of stakeholders.

In the context of organizations, governance typically involves the framework of rules, practices, and processes that guide the behavior and decision-making of those in leadership positions. This includes the roles and responsibilities of boards of directors, executive management, and other stakeholders in setting strategic direction, overseeing operations, managing risks, and ensuring compliance with legal and ethical standards. In the broader societal context, governance extends to the mechanisms of government, including legislative, executive, and judicial branches, as well as the interactions between government institutions, civil society organizations, and the private sector in shaping public policies and delivering public services

Example sentences

Corruption can undermine the effectiveness of governance in both public and private sectors.

Local governance structures vary widely depending on cultural and historical factors.

Good governance is essential for maintaining stability and prosperity within a nation.

Effective governance requires clear communication between leaders and stakeholders.

Poor governance can lead to inefficiency and mismanagement of resources.

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Escalation

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Fatigue

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Adjunct

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Governance

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