| 2012 PBA Governors' Cup | |
|---|---|
 | |
| Duration | May 20 – August 5, 2012 |
| TV partner(s) | Sports5 – AKTV on IBC (Local) Aksyon TV International (International) |
| Finals | |
| Champions | Rain or Shine Elasto Painters |
| Runners-up | B-Meg Llamados |
| Awards | |
| Best Player | Mark Caguioa (Barangay Ginebra Kings) |
| Best Import | Jamelle Cornley (Rain or Shine Elasto Painters) |
| Finals MVP | Jeffrei Chan (Rain or Shine Elasto Painters) |
| PBA Governors' Cup chronology | |
| PBA conference chronology | |
The 2012 Philippine Basketball Association (PBA) Governors' Cup, was the third and last conference of the 2011–12 PBA season. The tournament started on May 20 and culminated on August 5 with the Rain or Shine Elasto Painters team defeating the B-Meg Llamados team by 4 games to 3.
The tournament was an import-laden format, which allowed an import or a pure-foreign player for each team and with a height limit of 6-foot-5.