Why is ISO 37001 Anti Bribery Management System Important?
Bribery is one of the most destructive and complex problems faced by organisations. Despite national and international efforts to combat it, it still remains widespread. A commitment to ethical behaviour is a vital part of the corporate governance of a well-managed organisation.
ISO 37001 generally defines bribery as:
Offering, promising, giving, accepting or soliciting of an undue advantage of any value, directly or indirectly, and irrespective of location(s), in violation of applicable law, as an inducement or reward for a person acting or refraining from acting in relation to the performance of that person’s duties.
ISO 37001 is designed to cultivate an anti-bribery culture within the organisation that will enhance trust and transparency, and will result in the general improvement on the workflow of an organisation.
The requirements and guidance of ISO 37001 help organisations establish, implement, maintain, and improve an anti-bribery compliance programme.
Where is ISO 37001 Applicable?
The requirements of ISO 37001 are applicable in any country. They are flexible and can be adapted to a wide range of organisations, including large organisations, small & medium sized enterprises (SMEs), public and private sector organisations, and non-governmental organisations (NGOs).
Benefits of ISO 37001 at a Glance
- Gain company reliability from your customers
- Increase international recognition
- Gain your stakeholder, shareholder, and customer trust and confidence
- Gain necessary measures designed to prevent, detect, and address bribery
- Reduce bribery risk in your value chain
- Provide evidence in the event of a criminal investigation to prevent bribery
Who Needs to Get Involved in ISO 37001?
Everyone in the organisation has roles and responsibilities related to the design, planning, implementation, management, and ongoing maintenance of ISO 37001.
For example, leadership is responsible for supporting the program by prohibiting bribery and ensuring sufficient resources are allocated to implement the programme. Management is responsible for implementing and managing the programme. All employees are responsible for knowing, and complying with, the anti-bribery policy.
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