ISO 37000:2021 pdf download Governance of organizations — Guidance
3.2.14
sustainable development
development that meets the needs of the present without compromising the ability offuture generationsto meet their own needs
Note 1 to entry: Sustainable development is about integrating the goals of a high quality of life, health andprosperity with social justice and maintaining the earth’s capacity to support life in all its diversity. These socialeconomic and environmental goals are interdependent and mutually reinforcing. Sustainable development canbe treated as a way of expressing the broader expectations of society as a whole.
SOURCE:ISO 26000:2010,2.23]
3.3 Roles
3.3.1
stakeholder
person or organization (3.1.3) that can affect, be affected by, or perceive itself to be affected by adecision or activity
Note 1 to entry: Depending on the nature of the organization, stakeholders can include member stakeholders(3.3.2) and other stakeholders, including customers, regulators, suppliers and employees.
Note 2 to entry: In ISO management system standards, a stakeholder can be referred to as an “interested party”SOURCE: ISO 37301:2021,3.2, modified — The term “interested party” has been deleted. Notes 1 and 2to entry have been added.]
3.3.2
member stakeholder
stakeholder (3.3.1) who has a legal obligation or defined right to make decisions in relation to thegoverning body (3.3.4) and to whom the governing body is to account
Note 1 to entry: These rights or obligations are often recorded in the organization’s (3.1.3) constituting documents(3.1.5),laws and/or regulations.
Note 2 to entry: These decisions can include, for example,the determination of the composition of the governingbody or the parameters within which the governing body is to make decisions.
Note 3 to entry: Governing bodies account to these stakeholders for the organization’s outcomes as wel as thegoverning body’s performance.
Note 4 to entry: Member stakeholders are often referred to, and can include, shareholders and members of arorganization.
3.3.3
reference stakeholderstakeholder(3.3.1) to whom the governing body (3-3-4 has decided to account to when making decisionspertaining to the organizational purpose(3210)
EXAMPLEScientific advisory board to a research organization, parents of the pupils in a school, communityadvisory boards for companies.
Note 1 to entry: ln some cases, a member stakeholder(3-3.2) can also be a reference stakeholder
3.3.4
governing body
person or group of people who have ultimate accountability (3.2.2) for the whole organization (3.1.3
Note 1 to entry: Every organizational entity (3.1.4) has one governing body, whether or not it is explicitlyestablished. When the organization is not an organizational entity, the term governing group (3-35) is applicablewhere “governing body”is used throughoutthis document.
Note 2 to entry: A governing body can be explicitly established in a number of formats including, but not limitedto, a board of directors, supervisory board, sole director, joint and several directors, or trustees.
Note 3 to entry: ISO management system standards make reference to the term “top management” to describea role that, depending on the standard and organizational context reports to, and is held accountable by, thegoverning body.
3.3.5
governinggroup
person or group of people who govern an organization (3.1.3
Note 1 to entry: In some cases, the governing group can include executive managers or persons who have a top
management role, while keeping management and governance roles distinct.Note 2 to entry: In some cases, the governing group can include a person or group of people representing anorganizationalentity(31.4)
Note 3 to entry: Where an organization spans multiple organizational entities, it is governed by a governinggroup. Additionally, where an organization exists wholly within an organizational entity (eg, a subsidiarycompany or department), it has a governing group that is responsible for maintaining the organizational entity’sintegrated governance.
Note 4 to entry: ISO management system standards make reference to the term “top manapement” to describea role that depending on the standard and oreanizational context reports to and is held accountable by. agoverning group.

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