In the construction industry, risk governance stems from the standardization of safety policies and procedures. Safety governance is typically communicated and enforced through a top-down, command-and-control approach. Procedures and policies are created at the top level and cascaded down to the work. Individual discretion in the workplace permits a choice for worker adherence to safety procedures. Through a literature review, this study identified risk perception as a significant variable in regulatory compliance and fidelity. Individual hazard assessments and risk behaviors are often based on subjective cognitive risk perceptions rather than organizational governance policy. In the current governance system, there is a misalignment of risk perceptions and failure in trust between the workforce and the regulatory process. This study examines the impact of risk perceptions on safety compliance and promotes a more participative risk governance process for sustainable construction practices. A participative framework model is proposed to help align worker risk perceptions with organizational governance through policy creation, policy compliance and stakeholder participation and feedback. Utilizing proper discourse and cyclical communication, the proposed framework aims to increase safety fidelity, compliance, and trust in the construction industry through a more inclusive and collaborative governance strategy.