Governance and stakeholders
(5 sub topics)
International and European standards on good governance and sound decision-making in the organizations, including the maturity of governance, compliance management, whistleblowing and CSR. ISO 37301, ISO 37000, ISO 37001 or EN ISO 26000:2020
Clients and other important stakeholders (such as shareholders, investors, partners, public authorities or providers) increasingly expect organizations to be managed in a correct way. The main purpose of good governance standards is to promote sound decision-making by organisation managers on behalf and for the benefit of the stakeholders to whom they owe legal and moral accountability.
As a consequence, organizations (companies, associations or institutions) need to show adherence and compliance with globally accepted and agreed principles and key aspects of practices to guide governing bodies and governing groups on how to meet their responsibilities so that these organizations they govern can fulfil their purpose.
In a fully globalized and changing business environment, international standards such as ISO standards provide a coherent and common international understanding of the elements of good governance and good management, enhancing organizational performance. ISO standards help organizations to demonstrate good governance and good management, replying to a clear need for a universal international point of reference for governance and management, that can be generally accepted and applied across all types and sizes of organization.
The concepts of 'governance' and 'management' on the other are distinct disciplines, but increasingly covered by a set of solutions provided by ISO and CEN standards.