The regulatory landscape is constantly changing and organizations need systems in place to ensure they keep up. But complying with laws and regulations can be so much more than just ticking a box: it can be the result of a deeply entrenched culture of integrity and good ethics. All of which is a recipe for business success. A compliance management system is a way of getting there and a new standard has just been published to help.

ISO 37301 Compliance management systems. Requirements with guidance for use provides everything an organization needs to know to develop, implement, maintain and improve an effective compliance management system. It replaces ISO 19600:2014 Compliance management systems. Guidelines.

In this way, ISO 37301 recommends the involvement of senior management and advocates compliance as a principle of good governance. It also recommends integrating compliance management right across the organization, to be embedded in its financial, risk, quality, environmental and health and safety management processes as well as its operational requirements and procedures.

The benefits of implementing ISO 37301 are expected to include not only a reduced risk of fines due to non-compliance, but enhanced reputation and credibility, providing greater confidence to clients and other stakeholders and increased business opportunities.

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