regulation and governance

Regulation and governance refer to the systems and processes that manage how organizations and governments operate. Regulation involves rules created by authorities to ensure safety, fairness, and compliance in various sectors, such as finance, health, and the environment. Governance, on the other hand, encompasses the structures and practices that guide decision-making and accountability within organizations or nations. Together, they ensure that actions align with laws and ethical standards, promoting transparency, stability, and public trust. This framework helps balance interests among stakeholders, including businesses, consumers, and the community.