governance

noun
gov·​er·​nance | \ ˈgə-vər-nən(t)s How to pronounce governance (audio) \
plural governances

Definition of governance

: the act or process of governing or overseeing the control and direction of something (such as a country or an organization) : government a centralized system of governance the challenges of national governance … the governance of amateur sport in America …— P. S. Wood … three years before he died, [Lionel] Trilling pressed the point that the way a nation thinks determines in the end the quality of its governance.— Benjamin DeMott Enron, and the corporate disasters that followed, forced many companies to get serious about governance.— Louis Lavelle Theirs was the perennial problem of quick-witted subjects under the governance of dull-witted administrators.— Declan Kiberd Michael Dukakis, at the 1988 Democratic convention, said governance was about competence, not ideology. He got it half right: Competence is important to governance, but ideology is critical …U.S. News & World Report

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Examples of governance in a Sentence

They have very different approaches to the governance of the city. after World War II, the four Allied nations shared the governance of the territory of postwar Germany under the Allied Control Council
Recent Examples on the Web These included telling it to safeguard personal data in its credit business, to improve corporate governance, and to act prudently in its financial-services businesses. Xie Yu, WSJ, "China Tells Ant Group to Refocus on Its Payments Business," 27 Dec. 2020 Poetsch acknowledged the long-standing criticism but argued the company largely complies with German corporate-governance rules and welcomes involvement of its key shareholders. Christoph Rauwald, Fortune, "Volkswagen to tie top executives’ bonuses with hitting ESG targets," 19 Dec. 2020 Adopted in response to the scandals involving Enron and other companies, the legislation strengthened corporate governance and created a federal oversight board for the accounting industry. New York Times, "Paul Sarbanes, 87, Dies; Maryland Senator Fought Accounting Fraud," 7 Dec. 2020 Nasdaq's proposal presents an analysis of over two dozen studies that found an association between diverse boards and better financial performance and corporate governance. Chris Isidore, CNN, "Nasdaq to Corporate America: Make your boards more diverse or get out," 1 Dec. 2020 Several Indian companies in various sectors—from pharma to lending—have been marred by poor corporate governance over the last few years. Prathamesh Mulye, Quartz India, "Why are stressed Indian assets so attractive to foreign investors?," 25 Nov. 2020 The former co-chair of Morrison & Foerster’s Global M&A Practice Group joined SoftBank in August of 2018 to head its legal, compliance operations and corporate governance operations. Pavel Alpeyev, Bloomberg.com, "SoftBank Recovery Gains Ground With Vision Fund’s Record Profit," 9 Nov. 2020 Pressure was high to innovate its traditionally strong hardware business, to reform a stifling hierarchical culture and to improve its corporate governance and transparency. Kim Tong-hyung And Hyung-jin Kim, USA TODAY, "Lee Kun-Hee, Samsung Electronics chairman, dies at 78," 25 Oct. 2020 In 2003, the Securities and Exchange Commission promulgated a regulation that has engendered an outcome unintended and perverse: a duopoly of two firms enjoying a position as the most powerful arbiters of corporate governance in America. Andrew Stuttaford, National Review, "The Capital Letter: Week of October 19," 23 Oct. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'governance.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of governance

15th century, in the meaning defined above

History and Etymology for governance

see govern

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Time Traveler for governance

Time Traveler

The first known use of governance was in the 15th century

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Statistics for governance

Last Updated

20 Jan 2021

Cite this Entry

“Governance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/governance. Accessed 20 Jan. 2021.

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More Definitions for governance

governance

noun
How to pronounce governance (audio)

English Language Learners Definition of governance

formal : the way that a city, company, etc., is controlled by the people who run it

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