The act of bribery is defined, according to the RAE (Royal Spanish Academy), as the” action and effect of bribing.” For the context in which we will enter, we will occupy the term inclined to give money or some gift by an interested party to another to get something illegally.
Bribery is considered a threat to the laws of any country and the development of a nation since it implies the risk of reducing the economy, unbalances the balance of healthy competition, damages the image of an organization, as well as its picture before investors, personnel and clients; in addition, it implies severe legal risks.
This is why the standard is so important worldwide. The ISO 37001 standard Pakistan is intended to prevent bribery in your organization, and in case it occurs, you know how to detect it and treat it for its mitigation.
This standard was created based on the high-level structure so that it can be integrated with ISO standards and the processes that may already exist in your company.
The new anti-bribery standard applies to all types of organizations regardless of size, location, or line of business. With the implementation of an Anti-Bribery Management System, you will have the necessary controls to prevent the practice of bribery and will make your organization more trustworthy.
Remember that illegal acts can have severe consequences for those involved.
What Is the Basis for The Development of The Anti-Bribery Standard?
To prevent bribery, a series of measures were developed to support your
organization in implementing and maintaining an anti-bribery program, such as:
- The
establishment of an anti-bribery policy.
- Appointing
the team in charge of overseeing the system.
- Measuring
risks.
- Proper
due diligence with partners, personnel, and in general, with the projects
and practices carried out.
- Establishing good commercial and financial controls.
WHAT ARE THE BENEFITS OF CERTIFYING YOUR ANTI-BRIBERY MANAGEMENT SYSTEM?
The benefits you can obtain by certifying your system under ISO 37001 will help you to generate a significant change of responsibility and business ethics that will have national and international repercussions. Here are the main benefits:
- Protects
the integrity of your organization.
- Creates
greater effectiveness in organizational policy.
- Develops
and improves anti-bribery processes.
- Ensures
that your organization adheres to the legal framework of your country and
complies with the corresponding legislation.
- Prevent
risk inside and outside your organization, e.g., with your supply chain.
- Best
practices are constantly reinforced.
- In
the event of an act of bribery, you will have the necessary measures in
place to deal with it.
- The commitment and empathy of your employees will be developed to reduce the likelihood of bribery.
The training and attention given to your employees regarding anti-bribery and anti-corruption issues are also essential since they go hand in hand to clarify the reason for implementing your management system and the relevance each of them plays as part of your organization. It will also influence awareness of anti-bribery treatment.
ASPECTS RELEVANT TO THE IMPLEMENTATION OF ISO 37001
In addition to those mentioned above, communication channels become a substantial part of following the standard and the excellent performance already in practice. Communication and reporting channels must be established, in addition to periodic evaluations.
Also, involving your staff in establishing the standard in the organization and the activities they perform will achieve the goal you set for your system more quickly and efficiently. At the same time, you will generate confidence in each employee to report a bribe or any action not attached to the guidelines.
At TUV Austria Bureau of Inspection & Certification, you
will be able to achieve certification for your anti-bribery management system
and comply with the requirements of ISO 37001. Contact us so we can provide you
with guidance and personalized attention.
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