governance UK /ˈɡʌvənəns/US /ˈɡʌvəɹnəns/ noun5 •The process, or the power, of governing; government or administration. •The state of being governed. •Accountability for consistent, cohesive policies, processes and decision rights. •The specific system by which a political system is ruled. •The group of people who make up an administrative body. formsgovernances