The document discusses theories and frameworks of governance. It defines governance and explains that it has gained popularity in management and policy. Several theories of governance are outlined, including Stoker's five propositions about governance referring to institutions beyond government. Mintzberg identifies five models of governance. Peters presents four governance models, including market and participatory state models. Heady identifies three theoretical approaches to governance: organizational theory, cultural theory, and structural-functional theory. The document also discusses what a governance framework is and why good governance is important for sustainable development and organizational performance.