Governance refers to the way rules, decisions, and actions are organized and implemented within an organization, community, or state. It encompasses the processes, systems, and practices that ensure the effective management of resources and responsibilities, guiding how authority is exercised and how various stakeholders can engage with those in power. Governance can apply to various contexts, including government institutions, corporate entities, and non-profit organizations.
The word "governance" originates from the Old French term "governer," which itself comes from the Latin "gubernare," meaning "to direct, rule, or steer." This Latin term is derived from the Greek word "kybernan," which means "to steer" or "to guide." The evolution of the word reflects the idea of guiding or directing an entity.