CEO at Excelledia Quality Consulting
ISO 19600:2014 Compliance Management System
The new ISO 19600, rolled out December 2014, is expected to serve as an international standard and a global benchmark for compliance management programs. Corporate compliance is one Of management’s highest risk concerns. Implementation of a robust compliance and ethics program based on company values and appropriate risk based compliance has helped companies maintain integrity and avoid or minimize noncompliance issues. It is not surprising that organizations are increasingly seeking to validate their compliance programs against a recognized standard.
The International Organization for Standardization is one of the most trusted bodies when it comes to setting standards on a global scale. Based on the principles of good governance, proportionality, transparency and sustainability, the new ISO 19600 standards is designed to provide guidance for establishing, developing, implementing, evaluating, maintaining and improving a compliance management program. The guidelines are applicable to all types of organizations, irrespective of size, industry, risk exposure or global reach. ISO 19600 is adaptable to the size, nature and complexity of each organization’s business activities. Broadly speaking, organizations can adopt the international standard as stand-alone guidance or combine it with already existing management program standards,