ISO 37000 provides guidance on good governance outcomes to ensure sustainable value generation

ISO 37000 provides guidance on good governance outcomes to ensure sustainable value generation for stakeholders and facilitate international trade. The ISO 37000 standard is a newly published governance standard developed by the International Organization of Standardization (ISO), which was established after World War II by the United Nations. The primary purpose of ISO is to facilitate international trade. The standard is not certifiable, meaning organizations cannot claim to be certified to be well-governed or demonstrate good governance. It is based on principles and provides guidance on key aspects of practices that organizations and their governing bodies should consider when applying the principles. The standard is intended to establish international agreement on what good governance looks like and what comprises an effectively governed organization. It also aims to work with other national codes and standards. 00:00 - ISO 37000 provides guidance on good governance outcomes to facilitate international trade. 05:06 - Organizations should consider their impact on the environment and society when developing governance principles to bring good corporate governance to all organizations internationally. 11:17 - ISO provides a free introduction to international governance, with three aspects outlined in the paid-for version, two conditions, and principles to ensure effective delegation of authority and responsibilities. 16:16 - Shareholders are influential, but other stakeholders should be considered when balancing expectations. 19:32 - Organizational purpose, values, behavior, and 11 principles must be considered to ensure effective governance. 23:45 - Establishing international consensus on core governance activities and enabling principles is necessary for organizations to demonstrate social responsibility and long-term viability. 28:32 - Governing bodies should actively determine the value generation model of an organization to ensure sustainable value generation for stakeholders. 33:55 - Governing bodies should provide direction and guidance for risk management, practice it when making decisions, and oversee it in the organization to enable governance outcomes. Join this channel as a member for new videos, RAW workshops or online courses    / @riskacademy   Read more risk management articles at https://riskacademy.blog/ Watch the best practical workshops and case studies from RISK AWARENESS WEEK https://riskacademy.vonza.com/ DOWNLOAD our risk management book for free. Number 1 in Google search globally with 200000+ downloads https://www.researchgate.net/publicat... Or check out online short courses on Udemy https://www.udemy.com/user/alexsidore... Check out awesome risk management quantitative software https://www.archerirm.com/insight-ris... Enhance your company's risk management practices and improve the quality of your board's decision making with our advanced risk governance course, which covers everything from traditional risk management elements to advanced risk oversight and includes practical case studies and additional resources to strengthen your board's oversight. https://courses.dcroi.org/courses/ale...