Governance is the framework within which authority is exercised in organizations.

This framework includes but is not limited to:  

  • * Rules,  

  • * Policies,  

  • * Procedures,  

  • * Norms,  

  • * Relationships,  

  • * Systems, and  

  • * Processes.  

This framework influences how:  

  • * Objectives of the organization are set and achieved,  

  • * Risk is monitored and assessed, and  

  • * Performance is optimized.