SASB’s Rules of Procedure establish the processes and practices followed by SASB in its standard-setting activities, and in its governance and oversight of related processes and practices undertaken by its staff. In establishing formal governance procedures, the Rules describe SASB’s organizational structure, including the roles, composition, and operating procedures of the SASB Standards Board. The Rules then provide an overview of SASB’s standard-setting process, which involves the systematic, independent evaluation of evidence-based research, stakeholder consultation, technical agenda-setting, proposed Updates, public comment, and ratification—all of which are subject to public transparency. Finally, the Rules describe the various outcomes of this process, including Updates to and Interpretations of the Standards, and other relevant pronouncements.
Please note that the SASB mission statement was revised in 2018 by the SASB Foundation Board. The Rules of Procedure does not currently reflect the revised mission statement.
For more information about SASB’s approach, please read SASB’s Conceptual Framework, which sets out the basic concepts, principles, definitions, and objectives that guide SASB.