From Longman Dictionary of Contemporary Englishgovernancegov‧er‧nance /ˈɡʌvənənsə $ -ər-/ noun [uncountable] formal the act or process of governingFrom Longman Business Dictionarygovernancegov‧er‧nance /ˈgʌvənəns-vər-/ noun [uncountable] (also corporate governance)COMMERCE the way a company is managed at the highest levelThere is growing interest by institutional investors in the governance of companies in which they own stock.At the shareholders’ meeting, directors should expect questions about corporate governance, executive pay and internal financial controls. → clinical governance
