governance Meaning and Definition
1. n. the act of governing; exercising authority
2. n. the persons (or committees or departments etc.) who make up a body for the purpose of administering something
Governance refers to "all of processes of governing, whether undertaken by a government, market or network, whether over a family, tribe, formal or informal organization or territory and whether through the laws, norms, power or language." It relates to "the processes of interaction and decision-making among the actors involved in a collective problem that lead to the creation, reinforcement, or reproduction of social norms and institutions."
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