Financial governance refers to the systems and processes that ensure an organization manages its financial resources effectively and transparently. It involves establishing policies, procedures, and controls to guide financial decision-making, ensuring compliance with laws and regulations, and promoting accountability among stakeholders. Effective financial governance helps organizations maintain financial health, mitigate risks, and build trust with investors and the public. Key components include budgeting, financial reporting, and auditing, which collectively support sound financial management and strategic planning. Organizations often rely on frameworks and standards, such as International Financial Reporting Standards (IFRS), to enhance their financial governance practices.