Seminar paper from the year 2020 in the subject Business economics - Business Management, Corporate Governance, grade: A+, , language: English, abstract: The paper deals with the fourth and fifth principles of AS/NZS4804:2001. The objective of the Standard AS/NZS 4804:2001 "Occupational Health and Safety Management Systems - General guidelines on principles, systems and supporting techniques" is to guide how an occupational health and safety management system (OHSMS) may be set up, continually improved and what resources may be used to do this.In its Good Governance Practices Guideline for Managing Health and Safety Risks, The Institute of Directors in New Zealand stated that the need to continuously improve the OHSMS is a fundamental requirement.