organizational governance

Organizational governance refers to the systems, processes, and rules that define how an organization is directed and controlled. It involves the responsibilities of the board of directors, management, and stakeholders in making decisions that affect the organization. Effective governance ensures transparency, accountability, and adherence to laws and ethical standards. It aims to balance the interests of various parties, including shareholders, employees, customers, and the community, guiding the organization toward its goals while managing risks and ensuring sustainability. In essence, it is about making sure the organization operates effectively and responsibly.