ISO Developing Standard on Organizational Governance

The project is timely because trust in business and in governments is quite low. The standard is expected to be published by 2020 and could help to improve this situation.

ISO, the International Organization for Standardization, has launched a project to develop a standard for organizational governance. The project is timely because trust in business and in governments is quite low, ISO's Clare Naden noted Oct. 16, saying the standard is expected to be published by 2020 and could help to improve this situation.

Her post cites the U.S. examples of Enron and Lehman Brothers, saying they and other examples are "contributing to an increasing expectation from society for the heads of businesses to be accountable for their organizations. While laws and regulations are necessary foundations, truly good governance that takes organizations to new levels of performance over the long term goes far beyond the law to instill trust and effectiveness. In this context, ISO’s committee of experts that specializes in governance (ISO/TC 309) has just been given the green light to develop an ISO international guidance standard that will help organizations establish good governance practices, going beyond the avoidance of risk and contributing to their long-term value overall."

It identifies Axel Kravatzky as co-convenor of the working group that is developing the standard. "There are many governance standards out there, yet there are currently none that are applicable to organizations that span all jurisdictions, industries, sectors and types," he tells Naden. "With increased connectedness and interdependence, the importance of this is rising continuously. This standard will therefore fill this gap in standardization, allowing it to be accessible and useful for any organization, whether it crosses different sectors and geographies or is simply a small business that feels it can benefit from better governance."

The other co-convenor -- Victoria Hurth, who was appointed by BSI -- tells Naden that "the benefits of good governance are well evidenced. As well as reducing the risk of bad surprises that can destroy an organization, a well-governed organization is more trusted and attracts talent, which in turn drives performance and investment. The proposed new standard has the potential to increase the number of socially, environmentally, and economically sustainable organizations, providing multiple benefits for investors and society as a whole."

Product Showcase

  • SwabTek® Cannabis Test Kit

    The SwabTek® Cannabis Test Kit is a single-use spot test designed for use in screening for cannabis compounds in any sample type or on any surface. The test is capable of identifying the presumed presence of cannabinoids in very small quantities, with a level of detection as little as 6 μg in mass. Learn more about the SwabTek® Cannabis Test Kit and the rest of SwabTek surface drug testing solutions through the webinar titled "Everything You Want To Know About Surface Testing" Read More

  • Glove Guard® Clip

    Safety should never be compromised, especially when it comes to proper glove usage. The Glove Guard® clip enhances safety by encouraging employees to keep their gloves with them at all times. This reduces the risk of accidents and injuries on the job. By ensuring everyone has their gloves readily available, we help promote a culture of safety and efficiency. The Glove Guard® clip is designed to withstand the toughest work environments. Constructed from robust materials made in the USA, it can endure extreme conditions, including harsh weather, and rigorous activities. Read More

  • HAZ LO HEADLAMPS

    With alkaline or rechargeable options, these safety rated, Class 1, Div. 1 Headlamps provide long runtime with both spot and flood options in the same light. Work safely and avoid trip hazards with flexible hands-free lighting from Streamlight. Read More

Featured

Webinars