Abstarct

The issues of decision making and the governance have always been the hot topic amongst the public and business administrators. Hallmark of good governance in any organization have always been contingent upon good decision making. Though there is no is no dearth of literature on decision making and governance. Since the topic encompasses a wide range of academic disciplines and stretches back to several centuries therefore, it was felt necessary to review the literature, pick up the relevant threads and weave-in the conceptual details in to a theoretical perspective. While maintaining the spirit of objectivity and brevity the article attempts to present a logical, synthesized and coherent answer of the questions arranged as follows:

• What is governance and what are the essential ingredients of good governance.

• What is decision making process, dynamics and styles of managerial decision making as theorized in different models.

Key words:  Decision making, governance,