what is governance
Answer:-
Governance refers to the systems, processes, and practices through which organizations, governments, or societies are directed and controlled. It involves setting rules, making decisions, and managing resources to achieve goals and ensure accountability, transparency, and fairness. Good governance ensures that power is exercised ethically and responsibly, considering the interests of all stakeholders, including citizens, employees, and shareholders. It encompasses various aspects such as leadership, policies, compliance, and risk management. Whether in a corporate, governmental, or non-profit context, effective governance is crucial for maintaining trust, achieving objectives, and fostering sustainable development and social well-being.