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Anti-Bribery: Get the most out of ISO 37001

Becoming a legal problem in most countries, bribery is also being considered as one of the most deteriorating phenomena to the global society. Directly affecting the quality of life, corruption is magnifying bribery conduction in all forms and all levels of both private and public organizations. With many organizations affected by corruption, we have witnessed the development of many legal acts, frameworks and regulations established to address bribery around the world. While as a significant concern, this phenomenon has led to a substantial decrease of confidence, trust, and transparency in the public and private organizations.  Consequently, the International Organization for Standardization has initiated the development of an Anti-bribery management systems standard.  Its establishment ascertains organizations to have an effective system in place in order to specifically address alike problems. Furthermore, the main purpose of developing this standard is to establish, implement, and maintain an Anti-bribery program, which also contributes to enhancing risk management. Too, ISO 37001 may be integrated fluently with other management systems and can also stand as a single management system in your institution. Suitable for any kind of organization, we may count a number of different reasons for its establishment and implementation.  Having the opportunity to ‘promote trust and confidence’, the reliability of your organization will be higher through cooperating with both potential and future partners. Implementing necessary preventive and detective measures to address bribery, your institution is more likely to be able to address various risks associated with bribery. Employing competent and certified people to proceed with the implementation, monitoring, and maintenance of Anti-bribery management systems such as ISO 37001 is another benefit to the organization. Resulting to effective implementation, your organization will also increase its social responsibility while improving internal operations and lowering overall costs. Although lowering financial costs would come as an effect of Anti-bribery management systems, we shall also take into consideration other forms of intangible yet very important costs. Affecting the whole organization, bribery involvement from whichever member of the organization is going to blemish the reputation of your organization. Further, pursuing costly procedures associated with covering such unethical and illegal behavior would result in uncountable financial costs while directly affecting income due to obscuring the truth and procedures for personal gains. Complying with ISO 37001 requirements validates that your organization is highly ethical and does not tolerate such unacceptable behavior. In addition, this falls in line to compliance with legal regulations in a large majority of the countries in the world. Bearing in mind that bribery is harming the business environment; PECB has established superior training curriculums in favor of further contributing to eliminate negative incidences affecting development and human quality of life. Adding to it, improving business performance is surely done by certification schemes provided to the suit professionals, consultants or experts with interest to gain a comprehensive knowledge in anti-bribery management systems and its principles.

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