You've heard of governors and government, and governance is related. It’s the nuts and bolts of how towns or states or countries operate, and it can also apply to companies. Corporate governance is how large companies are organized and run.

Governments use the powers you give it to pass laws and enforce them, fix your roads, collect taxes — all those things you can’t do alone — and the act of doing that is called governance. Corporations have their own sort of government — they're run by boards of directors who tackle issues of governance, making sure the company is run responsibly. Scholars study theories of governance — ideas about how society should be organized to benefit everyone.

Definitions of governance

n the act of governing; exercising authority

administration, governing, government, government activity
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misgovernment, misrule
government that is inefficient or dishonest
lawmaking, legislating, legislation
the act of making or enacting laws
trust busting
(law) government activities seeking to dissolve corporate trusts and monopolies (especially under the United States antitrust laws)
criminalisation, criminalization
legislation that makes something illegal
decriminalisation, decriminalization
legislation that makes something legal that was formerly illegal
enactment, passage
the passing of a law by a legislative body
Type of:
social control
control exerted (actively or passively) by group action

n the persons (or committees or departments etc.) who make up a body for the purpose of administering something

“the governance of an association is responsible to its members”
administration, brass, establishment, governing body, organisation, organization
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(Roman Catholic Church) the central administration governing the Roman Catholic Church
top brass
the most important persons in a governing body
persons who administer the law
bench, judiciary
persons who administer justice
county council
the elected governing body of a county
government officials, officialdom
people elected or appointed to administer a government
those in charge of running a business
Bush administration
the executive under President George W. Bush
Clinton administration
the executive under President Clinton
Bush administration
the executive under President George H. W. Bush
Reagan administration
the executive under President Reagan
Carter administration
the executive under President Carter
civil service
government workers; usually hired on the basis of competitive examinations
the management of a gambling house or casino
bureaucracy, bureaucratism
nonelective government officials
Type of:
a group of persons associated by some common tie or occupation and regarded as an entity

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