Governance (noun)

1. The process of governing, especially the exercise of political power.
2. The system by which a country or organization is governed.

Origin:

Late middle english: from old french governaunce, from governer "to govern" (see govern).

Examples:

1. The company's governance structure is designed to ensure accountability and transparency.
2. The governance of the city was in the hands of the mayor.
3. Good governance is essential for a country's economic and social development.
4. The lack of governance in the region led to chaos.
5. The governance of the organization was in question due to recent scandals.