Bribery undermines good governance, hinders development, distorts competition and interferes with the fair and efficient operation of markets. It also erodes the profits of organisations, increases the operating costs and tarnishes reputation. Therefore, organisations should proactively contribute to combating bribery for the sake of themselves as well as the community.
To meet industry and social needs, International Standards Organization (ISO) developed the ISO 37001 anti-bribery management systems standard to provide a framework for organisations to implement reasonable and proportionate measures to manage bribery risks. It aims to help organisations establish a culture of integrity, transparency and compliance.
ISO 37001 specifies a series of recommended practices for organisations to prevent, detect and address bribery. It can be used by any organization, large or small, whether it be in the public, private or voluntary sector.
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