1. （国家的）统治方式，管理方法
The governance of a country is the way in which it is governed.

2. （公司、机构等的）管理方法
The governance of a company or organization is the way in which it is managed.

1. the act of governing
exercising authority

e.g. regulations for the governing of state prisons
he had considerable experience of government

Synonym: governmentgoverninggovernment activityadministration

2. the persons (or committees or departments etc.) who make up a body for the purpose of administering something

e.g. he claims that the present administration is corrupt
the governance of an association is responsible to its members
he quickly became recognized as a member of the establishment

Synonym: administrationgoverning bodyestablishmentbrassorganizationorganisation