governance
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governance
A technical term for the totality of structures and processes of control and leadership in organizations, companies, or states. It includes rules, procedures, and control mechanisms to ensure responsible management.
Eine gute Corporate Governance ist entscheidend für das Vertrauen der Investoren.
Good corporate governance is crucial for investors' trust.
'Governance' is a loanword from English and is used in German as a technical term. You mainly find it in texts about business (corporate governance), politics (public governance), or IT.
Das Seminar behandelt die Prinzipien guter Governance in Non-Profit-Organisationen.
The seminar covers the principles of good governance in non-profit organizations.
The word is often combined with adjectives such as 'gut' (good), 'schlecht' (bad), 'transparent' (transparent), or 'effizient' (efficient). Common compounds are 'Corporate Governance' (corporate management/governance) and 'Public Governance' (public-sector governance).
Transparente Governance ist ein wichtiger Faktor für das Vertrauen der Bürger.
Transparent governance is an important factor for citizens' trust.
In connection with 'Governance' (governance), verbs such as 'sicherstellen' (to ensure), 'verbessern' (to improve), 'einführen' (to introduce), or 'etablieren' (to establish) are often used to describe processes of control and management.
Das neue Gesetz soll eine bessere Governance im Finanzsektor sicherstellen.
The new law is intended to ensure better governance in the financial sector.
management
Management and Governance both concern running a company. Management mainly refers to the concrete planning, organizing, and leading involved in day-to-day operations; Governance describes the overarching framework of rules, procedures, and control. Use Governance for the system and structure, and Management for operational implementation.
Eine klare Governance legt Regeln und Kontrollen für die Unternehmensführung fest.
Clear Governance establishes rules and controls for running the company.
Das Management organisiert den täglichen Betrieb und verteilt die Aufgaben.
Management organizes the day-to-day operations and assigns the tasks.
