- Promote trust and confidence – organizations that implement an anti-bribery management system are more likely to be reliable when it comes to cooperating with potential partners because the risk of bribery is lower. Organizations that have anti-bribery policies in place promote trust and are more likely to sign agreements with other organizations, rather than with organizations that do not have anti-bribery policies in place. Moreover, individuals who are certified ISO 37001 Lead Implementers or ISO 37001 Lead Auditors are more reliable when it comes to helping organizations implement an ABMS or perform audits on an ABMS
- Implement the necessary measures designed to prevent, detect and address bribery – organizations that implement an ABMS according to ISO 37001 requirements will be able to implement the necessary measures to reduce bribery risk by preventing ordetecting the risk before it negatively impacts the organization. Moreover, ISO 37001 standard, guides and provides requirements for taking these measures based on the nature of the bribery risk that the organization might face
- Avoid reputational damage – by implementing an ABMS based on ISO 37001; an organization will avoid reputational damage, which is a consequence of being involved in bribery. Considering that organizations’ reputation is extremely important for their longevity, an effective anti-bribery management system will be helpful in avoiding reputational damage
- Avoid cost – organizations that implement an anti-bribery management system will save money by refusing to pay bribes and by not having to implement costly procedures
Indeed, when taking the appropriate measures designed to help the implementation of ISO 37001, the implementation of Anti-bribery policies will be much easier. Any organization that wants to get certified against ISO 37001 shall follow the requirements and guidelines in order to implement policies that are applicable to them. These policies shall comply with Anti-bribery laws, prohibit bribery, comply with ABMS requirements, commit to continual improvement of ABMS, be documented and communicated within the organization. If the organization implements the necessary measures of ISO 37001 as guided, it will be easier to effectively manage bribery risks, prevent bribery risks and detect potential bribery risks.