ISO 37000 Lead CG Manager flashcards
ISO 37000 Lead CG Manager · Build recall with a focused review session.
32 cards. Read the term and the definition here. The deck at the top of this page is optional.
- ISO 37000 definition of governance
- The system by which an organization is directed and controlled, focusing on purpose, direction, and oversight to achieve intended outcomes.
- Purpose principle
- Governance ensures the organization's purpose is clearly defined, articulated, and aligned with societal expectations and values.
- Value generation principle
- Governance directs the creation of sustainable value, considering economic, social, and environmental dimensions for long-term success.
- Strategy principle
- Governance ensures that strategy and resource allocation are aligned with the organization's purpose and values.
- Oversight principle
- The governing body provides oversight of management and ensures effective control systems are in place.
- Accountability principle
- Clear allocation of responsibilities and answerability for decisions and outcomes throughout the organization.
- Stakeholder engagement principle
- Governance identifies and engages with stakeholders to understand their expectations and the organization's impacts on them.
- Ethical behavior principle
- Governance promotes integrity, fairness, and ethical conduct throughout the organization and its relationships.
- Governance framework
- The set of structures, processes, and policies that enable the governing body to direct and control the organization effectively.
- Governing body composition
- The size, diversity, independence, and skills mix of the governing body, defined to fit the organization's context and needs.
- Delegation of authority
- The governing body delegates decision-making to management but retains ultimate accountability for outcomes.
- Board committees
- Specialized subgroups (e.g., audit, risk, remuneration) that support the governing body by focusing on specific oversight areas.
- Decision-making transparency
- Decisions should be documented, traceable to purpose and strategy, and communicated to relevant stakeholders.
- Governance documentation
- Clear records of roles, responsibilities, and decision rights are essential for effective governance and accountability.
- Dynamic governance framework
- The governance framework must adapt to changes in the organization's size, complexity, and external environment.
- Communication of governance
- The governing body ensures the governance framework is understood and applied throughout the organization.
- Oversight of performance
- Monitoring performance against strategy, ensuring compliance, and overseeing risk management are key oversight practices.
- Accountability mechanisms
- Reporting lines, performance evaluations, and consequences for non-compliance ensure answerability.
- Stakeholder engagement practices
- Identifying stakeholders, understanding their expectations, and integrating feedback into governance decisions.
- Ethical culture
- Reinforced through codes of conduct, training, and whistleblowing mechanisms that promote integrity.
- Risk governance
- The governing body ensures effective risk management and internal control systems are in place.
- Transparency and disclosure
- Timely and accurate reporting to stakeholders about governance, performance, and impacts.
- Sustainability oversight
- The governing body oversees the organization's approach to sustainability and societal impact.
- Whistleblower protection
- Mechanisms to protect individuals who report misconduct, ensuring accountability and ethical behavior.
- Governance performance evaluation
- Assessing the governing body's effectiveness, composition, and decision-making to identify areas for improvement.
- Regular governance reviews
- Periodic assessments of the governance framework to ensure it remains fit for purpose and effective.
- Governance reporting
- Transparent, accurate, and balanced reporting on governance performance to stakeholders.
- Continual improvement
- Governance learns from outcomes, feedback, and external changes to enhance effectiveness over time.
- Governance KPIs
- Key performance indicators such as stakeholder satisfaction, compliance rates, and ethical incident metrics.
- Independent assurance
- Internal audit and external assurance provide independent evaluation of governance effectiveness.
- Governing body self-assessment
- The governing body periodically assesses its own performance and that of its committees.
- Improvement actions
- Documented, implemented, and monitored actions to enhance governance based on evaluation findings.