governance
- 01 C1 Advanced
the way that a city, country, or large organization is managed and controlled.
the exercise of authority and control over a political or corporate entity. Uncountable in its abstract sense.
Simple“The country needs better governance to help its economy grow.”
In context“The international community called for improved governance and transparency to ensure that the aid reached the citizens who needed it most.”
Synonyms - 02 C1 Advanced
the rules and systems a company uses to make sure it is run fairly and legally.
the framework of rules and practices by which a board of directors ensures accountability, fairness, and transparency in a company's relationship with its stakeholders.
Simple“The bank changed its corporate governance rules after the financial crisis.”
In context“Effective corporate governance requires a clear separation of powers between the chief executive and the board of directors to prevent conflicts of interest.”
Synonyms - 03 C2 Proficiency
the condition of being under the control or influence of a system of rules.
the state or condition of being governed or regulated by a specific authority.
Simple“The remote islands were under the governance of a distant colonial power.”
In context“The transition from military rule to democratic governance proved to be a complex process that lasted over a decade.”
Synonyms
“This has given the group tax and regulatory advantages, and allows it to carry out charitable activities, but experts say that its dual non-profit and commercial objectives have sometimes led to governance issues.”
“To address rising youth unemployment, the report recommends adopting a human-centred approach to AI governance, investing in quality education, strengthening employment services, expanding social protection and creating more decent job opportunities.”
From Middle English governaunce, from Old French gouvernance, governance, equivalent to govern + -ance.
Etymology adapted from Wiktionary, available under CC BY-SA 4.0.