The creation of an international standard on compliance as a guidance standard sets a benchmark for what organisations, regardless of size or in whatever industry, government or not-for-profit, should do.

Like most standards it contains a series of definitions and then some principles to follow.

There are two key statements in this standard that should be used by executives, directors, government leaders and compliance and risk staff. If you apply these and test them there is a reasonable chance that your compliance systems will work and people will report.

First, “Organisations that aim to be successful in the long term need to maintain a culture of integrity and compliance, and to consider the needs and experience of stakeholders. Integrity and compliance are therefore not only the basis, but also an opportunity, for a successful and sustainable organisation”.

Second, “An organisational approach to compliance is ideally shaped by the leadership applying core values and generally accepted corporate governance, ethical and community standards. Embedding compliance in the behaviour of the people working for an organisation depends above all on leadership at all levels and clear values of an organisation, as well as acknowledgement and implementation of measures to promote compliant behaviour”.

The rest of the ISO 19600 Standard will be underpinned by testing your organisation to see if your organisation applies these principles. Based on these statements the rest of the standard follows.

There are several key definitions: Policy, Risk, Compliance Culture, Competence, Procedures, Continuous Improvement and Monitoring and Audit. You should read the standard and see how these definitions underpin the systems and processes in your organisation and how you can improve.

Apr-Jun 2015 Issue

Neill Buck & Associates