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The phrase 'governing philosophy' is correct and usable in written English.
It is typically used in the context of politics or business to refer to a governing body's approach to decision-making. For example: "Our team's governing philosophy is to prioritize the needs of our customers above all else."
Exact(60)
He describes his governing philosophy as "maximum governance, minimum government," a creed familiar to conservatives everywhere.
No one ever seems to contemplate that their core governing philosophy — that all government intervention is bad intervention — might be at odds with a growing majority of voters.
With this much government intervention, it is hard to label governing philosophy of the financial services industry as "free-market capitalism".
Reagan turned the trend into a governing philosophy, declaring on becoming president in 1981 that: "Government is not the solution to our problem; government is the problem".
It has no governing philosophy.
Unfortunately for the Republicans, anger isn't a governing philosophy.
Not much of a governing philosophy, in words.
Instead, Sunstein suggested as the governing philosophy of an Obama Presidency the idea of "deliberative democracy".
Romney — admittedly a bit late — sets out a centrist governing philosophy.
But he described this approach as the essence of his governing philosophy.
In responding, Obama laid down clear markers that established profound differences in governing philosophy.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com