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Globalization creates situations that call for Global governance. In this paper, I have begun by explaining what governance exactly means and the various types of governance that works at different levels. As my paper is on Global Governance, I have talked about why do we need a Global Governance here I have tried to give a philosophical explanation. Then I have explained in brief about Global Governance and the various organizations that are working towards different agendas to deal and solve the global problems that we the citizens of this global world are facing. Though there are so many organizations working towards different agendas, the success rate is not quite impressive. Here, I have brought into discussion the Five Global Governance gaps as discussed by some thinkers. By knowing where the fault lies, it would then be easier to bring order and stability amongst all the organizations and initiatives working under Global Governance.