Governance and Policy

Governance refers to the set of rules, practices, and processes that ensure organizations or societies are managed effectively, ethically, and transparently. Policy is a formal statement that guides decision-making and actions within that framework. Together, governance provides the structure for accountability and oversight, while policies set specific guidelines to achieve goals, address risks, and ensure consistent, fair operations. Think of governance as the overall steering of a ship, and policies as the navigational instructions that help it reach its destination responsibly.