Globalization is making the world flatter every day. Businesses and organizations are stretching far and wide across the borders as well as venturing into new markets that they previously were not. Businesses and organizations are also getting more multi-cultural and including a diverse group of people in their structures. With the increase in international business and governance comes the need for organizational leaders to have a well structured governance plan that will assist them in defining plans and improving their processes so that mistakes and examples of organizational malaise and collapse as seen from other businesses will not happen to current and future organizations. This paper is divided into two parts, the first part will address the components of a business governance plan and all the necessary instruments that can assist an organization in achieving it’s goals such as the moral underpinnings, political implications, impediments to a successful governance plan, and solutions on how those plans can be implemented by an organizations leadership or the board of directors. The second part of the paper discusses the functional departments that should participate in a governance plan including their roles, significance and political ramifications.