For all either it is large or small, ISO 37001 can be used by any organization or whether it is in the public, private or voluntary sector, and in any country. According to the size and nature of the organization, The ISO 37001 is a flexible tool, which can be adapted and the bribery risk it faces.
The ISO 37001 standard, issued October 2016 is designed to help the organization work and maintain an effective anti-bribery program. The ISO 37001 standard provides a number of independent requirements around the world well known for the fight against bribery. The Standard deals with corporate bribery and bribery organization.
To run the program in accordance rate significantly reduces the risk of malpractice, by inserting control points there it’s worth it. In addition, ISO 37001 is not just focused in preventing bribery, but also in dealing with it effectively if possible. In addition, various other stakeholders collaborated on ISO 37001, including experts in various fields; legal, consultative, and research committees; and academics and governments.
The introduction of best anti-bribery strategies – ISO 37001 that result in the guidance of bribery management programs and, Countries and governments around the world are currently evaluating the effectiveness of this ISO 37001 standard, and other countries and governments have expressed interest in requiring organizations to use this standard to participate in government contracts. i.e., Peru, Zimbabwe, Malaysia, and Mexico are currently showing interest in requiring the company to submit an ISO 37001 certification to participate in public procurement.
ISO 37001 is intended to help reduce the risk of bribery by an organization or other person acting on behalf of an organization. In addition, the use of this level allows organizations to demonstrate greater resistance to bribery through the existence of internationally known anti-bribery controls. ISO 37001 is considered a requirements standard that allows organizations that apply this standard.
The organization is required to have the following best practices and / or controls included as part of its bribery control plans:
- Anti-bribery policy
- Management leadership, commitment, and commitment
- Human resource management and training
- Risk assessment procedures
- With due diligence on projects and outside business
- Financial, commercial and contract controls
- Policies regarding reporting, monitoring, investigating, and reviewing
- Corrective action and continuous improvement of the bribery management system
The ISO 37001 standard requires the organization to apply its control measures effectively and equitably. The ISO 37001 standard, however, does not directly define what it means in a logical and harmonious way. Level broadcasts allow managers to use their professional judgment to create appropriate controls to prevent, detect, and respond to a number of bribes based on a number of factors, such as company level, size and type of contract, customer types (public or non-governmental, public or private, etc.), and value.
By using Global Manager Group’s latest ISO 37001:2016 Documentation Kit for Anti-Bribery Management System and its readymade ISO 37001 Documents which helps organizations combat bribery and promote an ethical business culture and get quick ISO 37001 certification.