The question concerning the domain covered by enterprise governance has not been definitely settled and neither has the question of the dividing line between governance and leadership. Thus, the real issue is the interpretation of governance to-day. Does it have to be confronted with that other mode of management which is leadership ? Actually, the dividing line does not seem to be definitive. This remark appears to be all the more realistic as the decisions taken daily by enterprise refer simultaneously to social and societal dimensions. Furthermore, embedded in those two logics, the government of material objects is frequently opposed to the government of people. Thus, it seems adequate to juxtapose the " law of the market " and a possible responsibility of leading employees. Finally, it appears that confidence plays the part of mediator between governance and leadership, which explains the emergence of a certain number of instruments of ethical codifications, codes of conduct and norms.
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