Governance

Governance is the act of oversight and direction, especially in association with the duties of a board of directors.

Definition

According to the Strategic Management by David and David (15th edition),

Governance. The act of oversight and direction, especially in association with the duties of a board of directors.

According to the HRBoK Guide,

Governance. System of rules to regulate behavior. System of rules and processes an organization creates in order to comply with local and international laws, accounting rules, ethical norms, and environmental and social codes of conduct.