02
*Effects of Bribery*
*Reasons to have an Anti-bribery Management System*
Bribery is a widespread phenomenon that raises serious
social, moral, economic and political concerns.
Bribery undermines good governance.
Bribery hinders development.
Bribery distorts competition.
Bribery erodes justice.
Bribery undermines human rights.
Bribery is an obstacle to the relief of poverty.
Bribery increases the cost of doing business.
Bribery introduces uncertainties into commercial
transactions.
Bribery increases the cost of goods and services.
Bribery diminishes the quality of products and
services, which can lead to loss of life and property.
Bribery destroys trust in institutions and
interferes with the fair and efficient operation of markets.
Bribery is an illegal offence under law.
.
We know that it is an offence for individuals to
engage in bribery under law. But the law alone is not sufficient to
solve the problem of bribery. Organizations should have a responsibility to
proactively contribute to combating bribery. Organizations can implement ISO
37001:2016 standard for an anti-bribery management system.
.
One of the tools to minimize
anti-bribery practices is the implementation of an anti-bribery management
system. ISO 37001:2016 is a standard that provides measures that help
organizations to prevent, detect and address bribery based on the size and
nature of the organization and the bribery risk the organization faces. ISO
37001:2016 standard is intended to provide, and through leadership commitment
to establishing a culture of integrity, transparency, openness and compliance
in the organization.
.
The nature of an organization’s culture is critical
to the success or failure of an anti-bribery management system.
.
Let us hope for the best and make our efforts to
establish and implement an Anti-bribery Management System (ABMS) in
organizations as per ISO 37001:2016 standard.
.
Do you have any relevant questions to implement
ABMS? Please let me know.
Best wishes,
KRS
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