Corporate Governance

Corporate Governance is the process and structure used to direct and manage the business affairs of an organization with the objective of enhancing value to the organization and ensuring the financial viability of the business. The process and structure define the division of responsibilities and establish mechanisms for achieving accountability among the Nominated Representatives, the Management Board and the Management Team. The direction and management of the organization should take into account the impact on other stakeholders such as employees, Members and vendors.

IHTSDO

Owned and governed by its international Members, IHTSDO is a charitable organization that works on behalf of the healthcare system and provides full support to its global Members and licensees, ensuring that their combined resources achieve significant shared benefits that resonate around the world.
The purpose of the organization is, for the benefit of the Members, to: "acquire, own and administer the rights to SNOMED CT, other health terminologies and/or related standards, and other relevant assets (collectively, the 'Terminology Products'); develop, maintain, promote and enable the uptake and correct use of its Terminology Products in health systems, services and products around the world; and undertake any or all activities incidental and conducive to achieving the Purpose of the Association" (AoA 2.1.1).
The governance and advisory structure is pictured below: