"Governance" is a term used to describe the systems and processes by which organizations are managed. It is concerned with how decisions are made, who is responsible for making them, what policies and procedures need to be implemented, and how those decisions are implemented. At its core, it is concerned with a governance system or structure that will ensure that the organization's goals are met. It is also important to ensure that the system is fair and equitable to all stakeholders, including customers, suppliers, and other parties. It is therefore essential to ensure that governance is managed correctly, both in corporate and government settings.
See also: cultural evolution, consensus process, collective intelligence, global workspace theory, integrated information theory