Build a transparent system with ISO 37001 Certification
It is pretty evident to see that bribe can be responsible in creating a situation which triggers crisis that can destroy the image of organization. It has been noted according to statics that 1 and 2 trillion dollars are paid as bribes every year.
Organizations formulate a number of procedures to attain a system with control over bribery and other corrupt practices. Yet they can’t combat the practice of unwanted bribery.
For this cause International Organization for Standardization built and published ISO 37001- Anti-Bribery Management Standard. The standard propounds the requirement for setting up, executing, keeping intact, studying and improving a foe of Anti- bribery management system.
Basics on ISO 37001 Certification-
ISO 37001 certification majorly assists the businesses to firmly execute possible procedures (according to statutory norms) for controlling bribery. They procedures and norms can fill in as a structure to actualize perpetual controls which might assist to upgrade the capacity to address bribery-risk. The certification will act as an instrument measuring and controlling the bribes. In general terms it can also help to tackle the risks related to bribe and advance the progressiveness of the organization.
ISO 37001 Certification critically helps in guaranteeing the customers and partners that your business follows globally perceived and accepted regulations for hostile to remuneration controls. Also it directs the organizations to thoroughly check and verify trust in your internal procedures.
Which all companies are pertinent for acquiring ISO 37001?
ISO 37001 Certification is flexible in nature which means below given organizations adeptly can accomplish it-
- Small and large associations
- Private and public organizations and institutes
- Non-governmental organizations
What is difference between ISO 37001 Compliance and ISO 37001 Certified?
ISO 27001 Compliance means that your organization is following procedures and norms of international ISO Standards. Whereas ISO 37001 Certified entails that your organization has accomplished the certification. It acts as a proof that you not only follow procedures but also, you have gone through a respective vetting process.
8 major pillars of ISO 37001-
- An anti-bribery policy
- Leadership, commitment and responsibility of senior management
- Anti-bribery training
- Risk assessments
- Due diligence on projects and business partners
- Financial, commercial and contractual controls
- Monitoring, measurement, analysis and evaluation
- Corrective action and continuous improvement
What are the advantages of accomplishing ISO 37001 Standard?
Anti-bribery Management Standard will help to incorporate a comprehensively transparent system. This will help to demonstrate commitment of the company to formulate and execute possible anti-bribery policies and laws. It will become easy for the businesses to address and fight against the foe of corruption and bribery. This tends to enhance the credibility of the organization.