The efficient ISO 37001 Standard is accomplished by all eminent corporates like Microsoft

Many large companies like Microsoft obtained the certification of ISO 37001 Standard. It has become quite common that many eminent, big corporate companies are getting certified with ISO 37001 Standard.

ISO 37001 is the worldwide standard for Anti-Bribery Management System. International Organization for Standardization published ISO 37001 for addressing, detecting and fighting against the foe of bribery and corruption. The standard is accomplishable for all the organizations paying no heed to size, type or nature. To combat the bribery risks in the operational system, companies are acquiring ISO 37001 Certification.

Seeking a certification clearly means that a company has obtained certification from accredited third-party like SIS Certifications, TUV, BSI etc. (certifying bodies) by meeting all the requirements and stringent criteria of the standard. To comply with the standard, organization must meet and complete the requirements and documentation respectively.

Though we cannot deny the fact that companies have constructed some anti-corruption plan and program for curbing the corrupt practices which might be risky. But often they are not much followed or properly executed. Be it internally or externally, the bribe and corruption can be anyway disruptive for the companies. Their name, reputation and image can be on stake.

So to dig out the root of bribe and formulate a system full of transparency, ISO 37001 Certification is accomplished by associations. The standard speaks a common language and provides consistency for organizations around the globe to mitigate the practice of unwanted bribe and corruption. Some of the notable advantages of ISO 37001 Standard are stated as followed:

-          Reduction of malpractices

-          Protects the organization’s assets

-          Facilitates a system of transparency

-          Adds effectiveness to the operations

-          Construct a system of diligence

-          Mandates the companies to timely observe and detect bribery

-          Continual improvement in the functioning system

-          Maximizes commercial profits