Governance is the process of decision-making and the process by which decisions are implemented (or not implemented) within an organization. It is the act of exercising authority and control over resources, people, and processes to achieve objectives and goals.
Governance is the process of decision-making and the process by which decisions are implemented (or not implemented) within an organization. It is the system of rules, practices, and processes used to control and direct the activities of an organization. Governance is the way in which an organization is managed and directed, and it is the responsibility of the board of directors, management, and other stakeholders to ensure that the organization is managed in a way that is consistent with its mission and values.
Governance is a broad concept that encompasses a variety of activities, including the development of policies and procedures, the establishment of organizational structures, the selection and evaluation of personnel, the monitoring of performance, and the oversight of financial and operational activities. Governance also involves the development of strategies and plans to ensure that the organization is meeting its goals and objectives.
The purpose of governance is to ensure that the organization is managed in a way that is consistent with its mission and values, and that it is able to achieve its goals and objectives. Good governance is essential for an organization to be successful and to ensure that it is able to meet its objectives. Good governance involves the establishment of clear roles and responsibilities, the development of effective policies and procedures, the implementation of effective systems of control, and the monitoring of performance.
Good governance also involves the establishment of a culture of accountability and transparency, and the development of effective communication and decision-making processes. Good governance is essential for an organization to be successful and to ensure that it is able to meet its objectives. Good governance is also important for the protection of stakeholders’ interests, and for the maintenance of public trust in the organization.