What is this standard about?
BS ISO 37001 is a new international standard produced to help organizations prevent, detect and tackle bribery. It also covers compliance with anti-bribery legislation and what organizations can do voluntarily to protect themselves, via the use of management systems.
Who is this standard for?
- Organizations large and small who want to implement an anti-bribery management system
- Decision-makers, company/corporate secretaries, with responsibility for:
- Compliance
- Legal issueso Governance
- Risk managemento Commercial management
- Financial management
- Human resource management
- Internal audit
- Customers/end-users
- Supplier organizations, distributors, subcontractors, retailers of a product plus providers of a service or information
- Financing/insurance organizations
- Prosecution authorities/bribery investigators
- Regulatory bodies
Why should you use this standard?
Bribery is higher up the business risk agenda than ever before. Changing legal situations, a greater organizational focus on corporate social responsibility and good governance plus increased awareness of the financial and reputational damage inflicted on organizations, has led to growing interest in anti-bribery management systems.
The standard specifies requirements and provides guidance for establishing, implementing, maintaining, reviewing and improving an anti-bribery management system.The system can be standalone or can be integrated into an overall management system and should help a company to promote trust and confidence in its business dealings and enhance its reputation.