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Governance refers to the processes, systems, and structures used to make decisions, implement policies, and ensure accountability within an organization, institution, or society. It encompasses the mechanisms for managing power and resources, as well as the rules and practices that guide decision-making. Governance can apply to governments, corporations, non-profits, or other entities and is crucial for ensuring transparency, efficiency, and fairness.
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Governance refers to the framework and processes through which decisions are made and implemented to manage a society effectively. It involves organizing social structures, establishing rules, and ensuring compliance with those regulations. Good governance promotes transparency, accountability, and inclusiveness, facilitating collaboration among various stakeholders to address community needs and drive sustainable development. Ultimately, it ensures that societal objectives are met while maintaining order and justice. Therefore option 2 is correct.
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