1. Exercising authority to provide direction and to undertake, coordinate, and regulate activities in support of achieving this direction and desired outcomes. 2. Governance can be thought of as the role of an organizationís board of directors or its equivalent that is focused on defining that organizationís purpose and the development of the strategies, objectives, values, and policies that frame how that purpose will be pursued. It includes the development of such things as mission statements, statements of organizational objectives and values, logic models, organizational performance metrics, risk management frameworks, policies and guidelines for financial and operational matters, stakeholder relations, etc.