stjórnbúnað
Stjórnbúnaður is an Icelandic term that translates to "control mechanism" or "governance structure." It refers to the system or set of tools, processes, and principles by which an organization, government, or entity is directed and controlled. This encompasses the decision-making processes, the allocation of authority, and the accountability structures in place.
In a corporate context, stjórnbúnaður is often used interchangeably with corporate governance. It involves the rules
In the public sector, stjórnbúnaður relates to the governance of a nation or a specific governmental body.