The study introduces a Model AI Governance Framework tailored for generative AI, addressing critical dimensions such as accountability, data integrity, security, and content provenance. It emphasizes the need for collaborative efforts among policymakers, industry players, and the public to navigate the complex challenges posed by generative AI, including bias, misuse, and emerging risks like misinformation and copyright infringement. The framework aims to establish practical, balanced approaches for generative AI governance, encouraging innovation while safeguarding users and promoting responsible AI development for the public good.