With governance issues becoming more prominent, BSI and its committee of industry professionals are responding to industry’s request to create a broad based standard that will consolidate existing governance principles.

The standard will provide guidance on how to achieve good governance throughout an organization. It will focus on effective structures, relationships and accountability and provide guidance to outsiders on what pre-requisites an organization should have in order to illustrate good governance.

Michael Faber, Committee Chair and Director at Regal TC said:

“Governance issues have shot up organizations’ agenda over the last few years. Whether it’s been the Olympus accounting scandal or financial crash of 2008-09, lack of governance and oversight has been proven to have huge financial and reputational consequences.”

For further details on the Governance standard and progress, see Governance page.

ITIL is the key standard for service management. This white paper aims to show how risk management can be assistance in the context of service management.

The main body of this paper considers what ITIL and corporate risk are, and why they are important to business. It will align the objectives of ITIL with those of the management of corporate risk – highlighting why risk should be taken into consideration and what benefits can be realized and capitalized by aligning ITIL and M_o_R at each stage of the service life cycle.

Click Here to read the full guide. (PDF Document)