A business tool designed to fight bribery is gaining traction. Published just last year, ISO 37001 is the first international anti-bribery management system standard designed to help organizations combat bribery risk in their own operations and throughout their global value chains. Its uptake is garnering followers from both governments and businesses. But is ISO 37001 working to improve anti-corruption practices? Microsoft seems to think so.
The art of governing
Abuse of office for private gains. Trust undermined. Poor governance can have disastrous consequences. It can also threaten market integrity, distort competition and endanger economic development.
So how can organizations improve good governance? In this issue, ISOfocus gives an overview of the most interesting, important and complex changes needed to implement and sustain good governance. It looks at ways to improve business practices and policies and where ISO standards can contribute.
ISO 37001 has the potential to be a powerful tool to combat bribery.
Also in this issue
Picture a world where every product and appliance is environmentally friendly, where every supermarket item is fair trade, where corruption is an urban myth and poverty a long-distant memory. Hard to imagine? Technically, it is possible… if everyone adhered to sustainable procurement.
Some things are hard to predict. And others are unlikely. In business, as in life, both can happen at the same time, catching us off guard. The consequences can cause major disruption, which makes proper planning, through business continuity management, an essential tool for businesses that want to go the distance.
A new version of ISO 31000 is due to be unveiled early next year. As the threat of risks grows for governments, organizations and the public alike, how can the new, streamlined standard help to make our future more secure?