The University of SydneyPage 23Governance… definitions–The act or manner of governing, of exercising control or authority over the actions of subjects; a system of regulations. --The Oxford English Dictionary –The set of responsibilities and practices exercised by the board and executive management with the goal of providing strategic direction, ensuring that objectives are achieved, ascertaining that risks are managed appropriately and verifying that the enterprise's resources are used responsibly. --ISACA( Information Systems Audit and Control Association)