noun (n)

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

  Example:
  The governance of an association is responsible to its members.
  

  Synonym:
  administration, brass, establishment, governing body, organisation, organization
  

  source: wordnet30
• the act of governing; exercising authority(noun.act)

  Synonym:
  administration, governing, government, government activity
  

  source: wordnet30
• Exercise of authority; control; government; arrangement.(noun)

  source: webster1913