KUALA LUMPUR: The new global standard for risk management, ISO 31000, will be more helpful in supporting corporate governance for risk management among companies and enterprises, most of which have adopted the current standard of risk management, AS/NZS 4360: 2004 (Standards Australia/New Zealand approach).
Risk management standards expert Kevin Knight said ISO 31000 was a more concise, clear and flexible set of guidelines developed for risk management.
