/ˈɡʌvənəns/ – Noun
Definition: 1. việc quản lý, việc cai trị, việc lãnh đạo, quyền lực;
2. tình trạng lệ thuộc.
A more thorough explanation: Governance refers to the system or process by which an organization, institution, or country is managed, directed, and controlled. It involves the establishment of policies, procedures, and structures to ensure accountability, transparency, and effective decision-making.
Example: The company’s governance policies ensure transparency and accountability in all decision-making processes.