financial governance

Financial governance refers to the systems, policies, and processes an organization uses to manage its money responsibly. It ensures that financial activities are transparent, comply with laws and regulations, and support the organization’s goals. This includes overseeing budgeting, financial reporting, internal controls, risk management, and ensuring accountability. Effective financial governance helps prevent fraud, errors, and mismanagement, fostering trust among stakeholders and enabling the organization to make informed financial decisions for long-term success.