Noteworthy amount of systems and software development organizations deal with the Capability Maturity Model Integration (CMMI) for enhancements concerning relevant processes, performance, and products. Besides, lately, the CMMI Institute released the new version (V2) of the CMMI. CMMI V2 includes some new practice areas and the governance is one of the most chief practice areas owing to that it is a must for every other practice area and benchmark level ratings. In this paper, the author proposes an experiential craft process for the governance practice area. Explicitly, the author presents all-inclusive particulars concerning the process definition, process performance indicator, process inputs and outputs, process activities flow, governance meeting presentation template, governance minutes of meetings, and governance action items log. The author modestly thinks these specifics are going to be beneficial for organizations in defining and refining their own governance business processes and relevant assets to not only become compliant with CMMI V2, but also conspicuously reduce the cost of process implementations, to notably increase the likelihood of meeting objectives, and to firmly guarantee that the implemented processes support and contribute to the business success.