What is ISO 37000 about?
ISO 37000 gives guidance on the governance of organizations. This international standard aims to provide guidance to governing or decision making individuals to run their organizations efficiently. ISO 37000 provides principles and key aspects of practices to guide governing bodies and governing groups on how to meet their responsibilities so that the organizations they govern can fulfil their purpose.
ISO 37000 is also intended for stakeholders involved in or impacted by the organization and its governance.
Who is ISO 37000 for?
ISO 37000 on governance of organizations is useful for:
- Chair, CEO, CFO, COO, Company Secretary
- Trustees
- All directors
- Compliance Officer
- Sustainability Officer
- Risk Manager/Analyst/Officer
- Risk Operations Manager
- Business Continuity Manager
- Crisis Manager
- HR Manager
- Operations Manager
- Resilience Manager
- Security Manager
Why should you use ISO 37000?
The pursuit of purpose is at the centre of all organizations and is, therefore, of primary importance for the governance of organizations. Good governance of organizations lays the foundation for the fulfilment of the purpose of the organization in an ethical, effective and responsible manner in line with stakeholder expectations.
ISO 37000 sets out governance principles that will assist you in discharging your duties effectively, prudently and efficiently, while enhancing trust, inclusion, accountability, legitimacy, responsiveness, transparency and fairness. Governing bodies that apply this guidance can expect that the organizations they govern will realize effective performance, responsible stewardship and ethical behaviour. Other benefits are given below:
- Improved long-term stakeholder value generation
- Effective resource stewardship
- Improved organizational resilience and performance
- Improved decision-making effectiveness
- Improved personnel composition and retention
- Increased investor and creditor confidence
- Increased value of intangible assets
BS ISO 37000 contributes to UN Sustainable Development Goal 1 on ending poverty; Goal 2 on ending hunger and achieving food security and sustainable agriculture; Goal 3 on good health and well-being, Goal 4 on quality education, Goal 5 on gender equality, Goal 7 on affordable and clean energy, Goal 8 on decent work and economic growth, Goal 10 on reduced inequalities, Goal 11 on sustainable cities and communities, Goal 12 on responsible consumption and production and Goal 13 on climate action.