Guidance for the governance of organisations, ISO 37000
About Guidance for the governance of organisations, ISO 37000
ISO 37000 provides guidelines for the governance of organizations. Directed at governing bodies, it provides principles of governance, relevant practices and a framework to guide governing bodies to discharge their accountability and responsibilities to achieve effective performance, responsible stewardship and ethical behaviour.
Governance of organizations is a system performed in the context of enabling principles in order to achieve the organizational purpose, governance outcomes, generating value for the organization and its stakeholders.
The principles of governance are:
- Foundational Principles of
- Value Generation
- Enabling Principle
- Stakeholder engagement
- Data and decision
- Risk governance
- Social responsibility
These principles of governance assist governing bodies to discharge their duties effectively and efficiently to ensure management is accountable to align the organisation’s culture, norm and practices are align with its purpose.
Why it matters
Implementing ISO 37000 gives organizations increased confidence and are better prepared to:
- understand the competing expectations of their stakeholders,
- align their culture, performance and accountability that achieve the purpose values and objectives of the organization.
- Provide open and honest reporting
- Meet ethical and societal expectations of customers and stakeholders