ISO 37000 Governance of organizations

Overview:

ISO Governance generally refers to a set of international standards developed by the International Organization for Standardization (ISO) with the aim of providing a framework for organizations to improve their governance practices. The most important of these standards are:

ISO 37000:2021 is an international standard developed by the International Organization for Standardization (ISO) with the aim of improving how companies and organizations are managed and directed. Known as ISO 37000, this standard provides a comprehensive framework of principles and good practices in governance that promote transparency,  integrity, accountability, effectiveness, and ethics in the management of companies and organizations of all types and sizes.

Benefits:

• Improving organizational performance: Applying governance principles helps organizations make better decisions, manage risks effectively, and achieve their strategic goals more efficiently.
• Enhance transparency and accountability: Contributes to clearly defining roles and responsibilities, and ensures that accountability mechanisms exist for decisions and actions.
• Building trust and credibility: Adhering to governance standards enhances the confidence of stakeholders (investors, customers, employees, society) in the organization.
• Effective risk management: Helps identify, assess and manage risks related to governance, business processes and IT.
• Compliance with laws and regulations: Applying governance standards can help organizations meet relevant legal and regulatory requirements.
• Attracting investments: Organizations that adopt good governance practices are often more attractive to investors.
• Improving the reputation of the organization: Adhering to the highest standards of governance enhances the good reputation of the organization.

The importance of ISO Governance:

The importance of ISO governance lies in the fact that it provides a regulated and internationally recognized framework to help with:

• Ensure rational and effective management of institutions.
• Protect the interests of all stakeholders.
• Promote sustainability and long-term growth of organizations.
• Contribute to economic and social stability.

Target:

ISO Governance courses are beneficial for a wide range of individuals, including:

• Board members and executives: to understand their responsibilities and role in ensuring effective governance.
• Employees in the Governance, Compliance and Risk Management departments: To develop their skills and knowledge in the application and implementation of governance standards.
• Internal and external consultants and auditors: to provide support and evaluation to organizations in the field of governance.
• Legal and financial professionals: to understand the legal and financial aspects related to governance.
• Anyone interested in a better understanding of good governance practices and their importance to the success of organizations.

After the course

What do students get after completing the course?

After completing a course in ISO Governance, students may receive the following:

• Course completion certificate: proving their attendance and completion of the training course.
• Deeper understanding of the principles and practices of good governance: They gain detailed knowledge about governance concepts, frameworks and international standards such as ISO 37000 and ISO/IEC 38500.
• Practical skills in applying governance principles: Learn how to evaluate, design, implement and manage corporate governance systems.
• Ability to identify and analyze risks related to governance: Acquire skills in assessing risks and developing strategies to deal with them.
• Enhance their career opportunities: Earning a degree in governance can boost their CV and increase their chances of getting jobs in the areas of governance, compliance, and risk management.
• Preparation for specialized professional certifications: The course may be a first step towards obtaining more specialized professional certificates in the field of governance.
• Specific outcomes vary based on course content and introduction, but overall, the course aims to equip participants with the knowledge and skills to contribute effectively to promoting good governance practices in their organizations.