Governance is the initiative of Business Continuity Management that is a regulatory system that controls an organization and its activities. Governance refers to the set of policies, processes, roles, and responsibilities that define how an organization is directed and managed. Governance ensures that the organization’s objectives, strategies, and operationsare aligned with the expectations and needs of its stakeholders, such as customers, employees, regulators, and shareholders. Governance also provides oversight and accountability for the organization’s performance, risks, compliance, and continuity.
Business Continuity Management (BCM) is a key component of governance, as it enables the organization to protect its critical assets and functions, and to respond and recover from disruptive incidents. BCM helps the organization to maintain its reputation, resilience, and value in the face of uncertainty and crisis. BCM also supports the organization’s compliance with relevant laws, regulations, standards, and best practices, such as ISO 22301, the international standard for business continuity management systems.
Therefore, governance is the initiative of Business Continuity Management that is a regulatory system that controls an organization and its activities, by providing direction, oversight, and accountability for the organization’s continuity and resilience. References:
ISO 22301 Auditing eBook, Chapter 1: Introduction to Business Continuity Management, Section 1.1: What is Business Continuity Management?, Page 4
ISO 22301 Auditing eBook, Chapter 2: Introduction to ISO 22301, Section 2.1: What is ISO 22301?, Page 9
ISO 22301 Auditing eBook, Chapter 3: Business Continuity Management System, Section 3.1: Context of the Organization, Page 13
ISO 22301 Auditing eBook, Chapter 3: Business Continuity Management System, Section 3.2: Leadership, Page 16
