governance
//ˈɡʌv.ər.nəns//
Noun
governanceSingular
1
The action or manner of governing a state, organization, or people.
Good governance is essential for the success of any organization.
2
The system or framework by which an organization or society is controlled and operates.
The company improved its corporate governance to increase transparency.
3
The activity of managing or overseeing the policies and affairs of an organization or institution.
The board is responsible for the governance of the university.