Organizational governance refers to the framework of rules, practices, and processes that guide how an organization operates and makes decisions. It involves the relationships among various stakeholders, including the board of directors, management, and employees, ensuring accountability and transparency in the organization's actions.
Effective governance helps organizations achieve their objectives while managing risks and ensuring compliance with laws and regulations. It encompasses aspects such as strategic planning, performance monitoring, and ethical conduct, ultimately contributing to the organization's long-term success and sustainability.