What is the meaning of governance?

noun

• The persons (or committees or departments etc.) who make up a body for the purpose of administering something.
  • usage: "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"
  • synonyms: administration, governing body, establishment, brass, organization, organisation
• The act of governing; exercising authority.
  • usage: "regulations for the governing of state prisons"; "he had considerable experience of government"
  • synonyms: government, governing, government activity, administration