What is governance according to ISO 37000?

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ISO 37000 considers that governance is based on a defined purpose and relies on four core principles: value creation, strategy, oversight, and accountability. These fundamental principles are then supported by a range of complementary principles, including: stakeholder engagement, leadership, data, risk governance, social responsibility, as well as the viability and sustainability of performance.

If governance is effective, high-quality, and collective, it leads to three main outcomes: effective performance, ethical behavior, and responsible management.

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