The standard marks a significant paradigm shift from historic "shareholder primacy" models to a more balanced "stakeholder-inclusive" approach. Under this international consensus, governing bodies must look beyond legal box-checking. They must actively balance economic performance with social responsibility, ethical operations, and environmental stewardship. 2. The 11 Core Principles of ISO 37000
Unlike localized corporate governance codes which focus heavily on public companies and shareholder return, ISO 37000 is intentionally scalable. It is applicable to multinational firms, micro-enterprises, non-profits, and public agencies. 1. The Core Definition of Good Governance iso 37000
The standard marks a significant paradigm shift from historic "shareholder primacy" models to a more balanced "stakeholder-inclusive" approach. Under this international consensus, governing bodies must look beyond legal box-checking. They must actively balance economic performance with social responsibility, ethical operations, and environmental stewardship. 2. The 11 Core Principles of ISO 37000
Unlike localized corporate governance codes which focus heavily on public companies and shareholder return, ISO 37000 is intentionally scalable. It is applicable to multinational firms, micro-enterprises, non-profits, and public agencies. 1. The Core Definition of Good Governance