Standards GO Home About BSI Governance Governance framework The Board of The British Standards Institution is committed to the highest standards of corporate governance which it considers fundamental to the business’s success. The British Standards Institution is a Royal Charter Company and is governed by its Royal Charter and Bye-laws. As it has no share capital BSI is what is termed a “non-profit distributing company” because profits are re-invested back into the business. As a Royal Charter Company, BSI is not, therefore, subject to the oversight by investors as is found in joint-stock companies but nevertheless applies the principles of the FRC’s UK Corporate Governance Code where applicable and has established internal governance procedures that reflect best practice. BSI’s focus on governance begins with the Board, which has a majority of non-executive directors and is able to draw on the experience of individuals of recognized stature from many areas of business. The Board is supported by formal Audit, Remuneration and Nominations Committees, on which the Non-executive Directors are the primary participants, as well as by the Standards Policy and Strategy Committee and the Sustainability Committee. Underpinning the frameworks of internal control and financial management and their related monitoring and compliance systems is the BSI Code of Business Ethics, which sets the ethical values and high standards of integrity that we insist are upheld in every aspect of the way we do business. The Annual Report of The British Standards Institution sets out in detail the governance framework of the company. The Board The Board is collectively responsible for the success of the business. It provides entrepreneurial leadership to the organisation within a framework of prudent and effective controls. The Board predominately comprises non-executive directors whose wide business experience and independence help ensure the Company maintains the highest standards of leadership and governance. The Board has ultimate responsibility for matters including ensuring compliance with the Company’s Royal Charter and Bye-laws, its strategy and management, organisation and structure, financial reporting and controls, internal controls, risk management, approval of significant contracts, determination of corporate policies, consideration of significant matters relating to the raising of finance, acquisitions and disposals and corporate governance matters. Learn more about BSI's Board of Directors > Committees Board Committees The Board has established Committees which help ensure BSI meets best practice in corporate governance: Audit Committee Remuneration Committee Nominations Committee Sustainability Committee Standards Policy and Strategy Committee Learn about the Board Committees Executive Committees Further Committees are established by (and report to) the Chief Executive: Group Executive Committee Group Operations Executive Committee Banking and General Purpose Committee NSB Code of Conduct Oversight Committee Certification Body Impartiality Committee Certification Body Management Committee Learn about the Executive Committees Annual General Meeting The Board uses the Annual General Meeting to communicate with subscribing members and encourage their participation. Learn more about the Annual General Meeting > BSI’s Royal Charter BSI is a private company incorporated by Royal Charter, first awarded (to the British Engineering Standards Association) in 1929, and amended several times subsequently. Read more about BSI's Royal Charter > Working at BSI Discover all the benefits of working with the UK's NSB. Find out why you should work at BSI > SHARE Find a Standard ISO 9001 Quality Management ISO 13485 Quality Management ISO 14001 Environmental Management ISO 22301 Business continuity ISO/IEC 27001 Information security ISO 45001 Occupational Health and Safety ISO 50001 Energy Management ISO 37001 Anti-Bribery Management System View all standards Services Access and buy standards Develop a standard Online subscription services Standards services Assessment and ISO certification Auditing and verification Product testing and certification Validate BSI-issued certificates Training courses Medical devices services BSI Connect View all services Sectors Aerospace Automotive Banking and financial services Construction and Built Environment Education Energy, oil and gas Food Government Healthcare Hospitals IT Manufacturing and engineering Medical devices View all sectors Topics Future of mobility Global market access Health and safety Information security Innovation Internet of things (IoT) Organizational Resilience Sustainability - Circular economy - Net zero View all topics Built Environment Cybersecurity and information resilience Food Industry View all blogs About About BSI BSI impartiality Our accreditation Our clients and partners Our financial information Our governance Our legal information Our purpose, mission and vision Our Royal Charter UK National Standards body Events and webinars Sustainability Modern Slavery Statement (PDF) Contact BSI +44 345 080 9000 Site Policy: Privacy notice Cookie policy Terms of use Accessibility Site map © The British Standards Institution 2021 Impartiality is the governing principle of how BSI provides its services. Impartiality means acting fairly and equitably in its dealings with people and in all business operations. It means decisions are made free from any engagements of influences which could affect the objectivity of decision making. As an accredited certification body, BSI Assurance cannot offer certification to clients where they have also received consultancy from another part of the BSI Group for the same management system. Likewise, we do not offer consultancy to clients when they also seek certification to the same management system. The British Standards Institution (BSI, a company incorporated by Royal Charter), performs the National Standards Body (NSB) activity in the UK. BSI, together with its Group Companies, also offers a broad portfolio of business solutions other than NSB activity that help businesses worldwide to improve results through Standards-based best practice (such as certification, self-assessment tool, software, product testing, information products and training). By clicking “Accept all cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyse site usage, and assist in our marketing efforts. Accept all cookies Reject cookies