KEY ELEMENTS:
- Meet national and international. anti-bribery legal requirements
- Mitigate bribery risks. involving employees, suppliers, business partners and third parties
- Minimize risk for corruption.
- Maximize financial profits.
- Increase overall repute of the Organization
INTRODUCTION: The standard specifies requirements and provides guidance for establishing, implementing, maintaining, reviewing and improving an anti-bribery management system (ABMS). This is an important move considering the continued prevalence of bribery and corruption.
BENEFITS: Maximize financial profit and/or minimize financial losses to shareholders through the creation of controls, procedures and processes to mitigate the bribery and corruption in business operations.
Create or reinforce an anti-bribery culture based on the adoption of this certification which it is a distinction for companies and government agencies. Increase the visibility and reputation of the brand or public entity in front of the society, customers, vendors and potential investors. In case of investigations, it provides evidence to the company (internally), society, prosecutors or courts (depending on the scope of work and legal instances) that are needed to detect, react, implement and prevent bribery and corruption. Setting up a formal process for investigating and dealing with any allegations of potential or suspected bribery. Implementing controls throughout the business to prevent bribery risk.
APPLICABLE TO: This Standard is applicable to the government agencies & departments and any private organization that are on high risk of bribery and corruption.
