ISO 19600 - Compliance Management Systems

The design, implementation, and improvement of a compliance management system is not only essential for organizations but has also become a competitive advantage in national and international business transactions. An effective compliance management system is a key element of good and diligent management and an essential management tool to assess and address the risk of civil and criminal liability of the organization and its representatives. ISO Standard 19600 provides guidance on compliance management systems and recommended best practices. This guidance is intended to be adaptable and can be useful for any kind of organization or part thereof, regarding any kind of compliance risk, irrespective of the size of the organization. It is also adaptable to the level of maturity of an organization's compliance management system and to the context, nature, and complexity of the organization's activities, including its compliance policy and objectives. This commentary, elaborated by renowned international compliance experts and members of the ISO Project Committee, is intended to assist board members, management, and compliance officers in implementing and maintaining effective best practice compliance management in their organizations.