governance mechanisms

Governance mechanisms are the methods and processes organizations use to direct and control their activities, ensuring they achieve their goals responsibly and ethically. They include formal structures like policies, regulations, and oversight bodies, as well as informal practices such as company culture and leadership behavior. These mechanisms help align interests of stakeholders, manage risks, and promote accountability. Essentially, governance mechanisms create a framework that guides decision-making, maintains transparency, and fosters trust within the organization and with external partners.