Abstract One of the major current global environmental challenges is the conservation of forest biodiversity. Deforestation and forest degradation continue despite international governmental agreements on forest conservation. In recent years private regulation in the international forest governance system has increased. Numerous partnerships between governments, business and/or civil society have been developed. Most of them focus on a single threat to forest biodiversity. This private regulation has had a limited positive impact. The most valuable contribution has been filling the gap of lack of implementation by governments. The forest governance system can become more effective if metagovernance is strengthened.