lawmaking vs governance

lawmaking and governance both are nouns.

Word	Noun	Adjective	Verb	Adverb
lawmaking	Yes	No	No	No
governance	Yes	No	No	No

As nouns, governance is a hypernym of lawmaking; that is, governance is a word with a broader meaning than lawmaking:

Other hypernyms of lawmaking include administration, governing, government, government activity.

lawmaking (noun)	governance (noun)
the act of making or enacting laws	the act of governing; exercising authority
	the persons (or committees or departments etc.) who make up a body for the purpose of administering something