Not much :-/
Governance:
late 14c., "act or manner of governing," from Old French governance "government, rule, administration; (rule of) conduct" (Modern French gouvernance), from governer "to govern, rule, command" (see govern). Fowler writes that the word "has now the dignity of incipient archaism," but it might continue useful in its original sense as government comes to mean primarily "the governing power in a state."
Government:
late 14c., "act of governing or ruling;" 1550s, "system by which a thing is governed" (especially a state), from Old French governement "control, direction, administration" (Modern French gouvernement), from governer "to govern" (see govern). Meaning "governing power" in a given place is from 1702. Compare governance.
So how does a business operate without governance? Or Steemit?