Good governance is the process of decision-making and the process by which decisions are implemented (i.e. the process of exercising authority or control within a given community, enterprise, or organization). It concerns the rules, regulations, or laws around how power is exercised and how citizens or other stakeholders have their say. It can also refer to the ability of governments to manage their resources efficiently and effectively.
The importance or benefits of good governance include increased effectiveness, sustainability, and accountability. Good governance is also essential for promoting economic and social development. Historically, there have been many different models of governance, each with its own strengths and weaknesses. However, some key elements of good governance have remained constant, such as the rule of law, transparency, and accountability.