New national standard defines good governance

Posted On 14 Dec 2013
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BSI has launched a new standard to help businesses of all sectors and sizes, implement good governance; this allows the rules for how businesses function, to be set in place and is the basis by which an organisation is directed, controlled and measured. BS 13500 Code of Practice for delivering effective governance of organisations was developed with experts including the Commonwealth Business Council, Cabinet Office, Institute of Operational Risk, UK Policy Governance Association and consumer interest groups. Governance failings of recent years such as the financial crisis of the late 2000s are well-documented but valuable learnings have come out of these errors. Fallout from such events shows the demand for identifying good governance. It is not just about decreased productivity and morale, but reputational damage and diminished confidence. All successful businesses are built upon trust and any breaches will result in damage that can take a long time to repair. Tim George, Deputy Company Secretary at Carillion is currently using BS 13500. He says,” Organisations need to have positive differentiators to set them aside from the competition. Confidence in the quality of an organisation’s governance is a key differentiator.” Major lapses at the heart of organisations do not just lead to decreased productivity and morale, but cause reputational damage and loss of trust. BS 13500 aims to alleviate such failings by enabling businesses to have clear accountability for their actions. It can help minimise risk and will positively impact businesses by helping them be prepared for all eventualities and to achieve success. BS 13500 framework is a non-prescriptive document set to help directors, managers, heads of governance, compliance, corporate social responsibility and risk, as well as trustees and owners to identify what they need to practise good governance. Michael Faber Chairman of the Governance Committee at BSI and Member of the Executive Committee at the Institute of Operational Risk says,” Governance is key to the long term success or failure of any organisation. BS 13500 can raise the profile, understanding and effectiveness of governance, providing a standard of practice that can be consistently applied for all.”

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.