19) Compliance Management Systems (ISO 37301)
What is ISO 37301?
ISO 37301 specifies requirements and provides guidelines for establishing, developing, implementing, evaluating, maintaining and improving an effective compliance management system within an organization.
Who should implement ISO 37301?
ISO 37301 is applicable to all types of organizations in public, private or non-profit sectors regardless of the type, size and nature of the activity.
What are the key benefits of ISO 37301?
- Enhances credibility of an organization to meet its compliance obligations.
- Provides a framework to identify, evaluate, manage and continually improve compliance obligations.
- Helps to identify, evaluate and manage the risk relevant to compliance obligations.
- Helps to develop, establish, implement and maintain processes to assess, evaluate, investigate and close reports on suspected or actual instances of noncompliance.
- Helps to establish processes to ensure fair and impartial decision-making.
- Ensures independent and conflict free investigation processes by competent personnel.
- Sets a criterion for reporting compliance obligations.
- Ensures performance evaluation of compliance obligations.