A Governance Framework is a structured approach that outlines how an organization is directed, controlled, and held accountable. It includes policies, procedures, and guidelines that help ensure effective decision-making and compliance with laws and regulations. This framework is essential for maintaining transparency and integrity within the organization. The framework typically involves various components, such as roles and responsibilities, risk management, and performance monitoring. By establishing clear lines of authority and communication, a governance framework helps organizations like corporations, non-profits, and government agencies operate efficiently and achieve their objectives while minimizing risks.