ISO 37001 is adaptable to numerous types of organisations, including:
- Large corporations
- Small and medium-sized businesses (SMEs)
- Organizations from both the public and private sectors
- Non-governmental organisations (NGOs)
- The standard is applicable in any country
Is ISO 37001 a certifiable standard?
Yes. Any corporation, regardless of size or industry, can certify its anti-bribery management system in accordance with ISO 37001. There are a variety of organisations in each nation that can certify system compliance, just as there are for ISO 9001 and ISO 14001, among others.
Is an independent management system required by ISO 37001?
ISO 37001 is built on the High Level Structure, which is also used by other ISO management standards and systems. This means that the requirements have been designed with the integration of processes, management controls, and other current management systems in mind, such as quality management systems and environmental and safety management systems.
How does ISO 37001 define bribery?
The guideline provides a broad concept of bribery, but the precise definition will be determined by the laws that apply to each company. Bribery is a legal term that differs from country to country.
ISO 37001 gives guidance on what constitutes bribery to help users understand the standard’s aim and scope.
What are ISO 37001’s major pillars?
According to the standard, businesses should put in place the following measures and controls to assist prevent, detect, and address bribery:
- An anti-bribery policy
- Senior management leadership, dedication, and accountability
- Anti-bribery training
- Risk evaluations
- Project and business partner due diligence
- Financial, commercial, and contractual safeguards
- Reporting, monitoring, research, and evaluation
- Corrective action and ongoing development
What are the primary advantages of putting in place an anti-bribery management system?
The ISO 37001 criteria place a strong emphasis on details and documentation. The standard demands companies to not only strengthen their anti-bribery policy, but also document these efforts. This guarantees that the company has documentation that the programme was properly conceived and conducted in good faith during audits.
Compliance with ISO 37001 criteria confirms the company’s commitment to anti-bribery measures. When entering a new market or beginning a new business relationship, the new business partner can be certain that the company takes compliance seriously. Certification may provide a competitive advantage. It boosts the company’s credibility and leads to new business.