ISO 37001, the International Standard in Anti-Bribery and Corruption Management
ISO 37001 provides a single international standard on management systems for organizations seeking to comply with anti-bribery and corruption (ABC) rules. For executives inside organizations, it gives clarity to the Bribery Act’s "adequate procedures" and the U.S. Foreign Corrupt Practices Act requirements for ABC systems.
ISO 37001 helps companies all over the world to become more easily be approved as partners, agents, or representatives. It also helps compliance officers ensure that their program respects international good practices. Maintenance of ISO 9001 and/or 14001 is already almost essential for companies in many industry sectors, and adoption may be quickened if ISO 37001 becomes the de facto substitute for supply chain anti-corruption questionnaires and serves, for early adopters, as a compliance and marketing differentiator.
Navigant’s white paper on ISO 37001, the new international standard in anti-bribery and corruption, looks at the ramifications for organizations worldwide.
We expect to see widespread adoption of ISO 37001 by public sector organizations, and then cascading down to private sector organizations wanting to do business with them.”
David Lawler, Managing Director Navigant’s Global Investigations & Compliance practice