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 is expected that this standard will be compatible with the quality management system requirements of ISO 9001.

This standard will fill a gap in standardization, allowing it to be accessible and useful for any organisation, whether it crosses different sectors and geographies or is simply a small business that feels it can benefit from better governance. The proposed new standard has the potential to increase the number of socially, environmentally and economically sustainable organisations, providing multiple benefits for investors and society as a whole.

The new guidance standard for the governance of organizations is due to be published by 2020.