English · Work & Business
governance
/ˈɡʌv.ər.nəns/
[/ˈɡʌv.ər.nəns/]
system of oversight
Advancednoun
Definition
The system of rules, practices, and processes by which an organization is directed and controlled.
Example
Strong corporate governance reassured investors that the board would act in their interest.
Strong corporate governance reassured investors that the board would act in their interest.
Etymology
From Latin 'gubernare' (to steer); the corporate sense is modern.
How & Where It’s Used
Used in business, politics, and institutions.