{"id":14827,"date":"2021-09-14T19:04:04","date_gmt":"2021-09-14T23:04:04","guid":{"rendered":"https:\/\/gottbs.com\/?p=14827"},"modified":"2021-09-15T13:14:28","modified_gmt":"2021-09-15T17:14:28","slug":"first-ever-international-benchmark-for-good-governance-set-through-new-standard","status":"publish","type":"post","link":"https:\/\/gottbs.com\/2021\/09\/14\/first-ever-international-benchmark-for-good-governance-set-through-new-standard\/","title":{"rendered":"First Ever International Benchmark For Good Governance Set Through New Standard"},"content":{"rendered":"
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Date: September 14th<\/sup>, 2021.<\/p>\n

We are living in rapidly changing and challenging times and, more than ever, governing bodies are being called on to ensure that their organizations act with purpose, sustainability and society in mind.<\/p>\n

Therefore, the Trinidad and Tobago Bureau of Standards (TTBS) is pleased to announce the publication of the International Standard, ISO 37000:2021, Governance of organizations – Guidance<\/em>.<\/span><\/a><\/p>\n

The foundation for long term success of organizations is built upon principles of good governance<\/em>, as this ensures that organizations contribute to the protection and restoration of social, economic and natural environmental systems. It is through the building and maintenance of trust, good governance contributes to improved business performance as well as to sustainable social and environmental welfare.<\/p>\n

Developed by experts and trusted voices from a wide range of organizations in over seventy (70) countries around the world, ISO 37000 provides a single, globally accepted reference for all kinds of organizations, regardless of size, type or location.  <\/p>\n

ISO 37000 provides comprehensive guidance for boards by distilling governance into 11 principles which are the bedrock of successful organizations by helping ensure they are well governed, well managed, and socially responsible.<\/p>\n

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Figure 1 \u2014 Governance of organizations \u2014 Overview (ISO 37000)<\/figcaption><\/figure>\n<\/div>\n

ISO 37000 was developed by the ISO technical committee ISO\/TC 309, Governance of organizations, whose secretariat is held by BSI, the ISO National Standards Body for the United Kingdom.<\/p>\n

TTBS, in its capacity as the National Standards Body and a Full Member of ISO, twinned with BSI to co-lead the development of ISO 37000.<\/p>\n

Dr Axel Kravatzky, Vice-Chair of ISO\/TC 309 and WG 1 Co-Convenor, also leads the team of national experts on the TTBS\u2019 National Mirror Committee (NMC) who have provided their expertise in the development of ISO 37000.<\/p>\n

The NMC comprises stakeholders from the:<\/p>\n