Corruption

ISO Anti-Bribery Standard Gaining Traction – A Driver for Business Growth

The ISO 37001 is a new anti-bribery standard that could significantly help businesses thrive in a challenging global environment. It won’t open any pod bay doors, but it brings to organizations a much-needed level of anti-bribery guidance, combined with meaningful incentives for standard adoption. And it’s applicable to all institutions, regardless of size, structure, geography, or jurisdiction.

Bribery and other forms of corruption continue to plague business and society. According to the World Bank, some $1.5 trillion is paid globally in bribes each year, a figure that dwarfs the value of economic assistance. The result? An unlevel playing field and such adverse consequences as lack of competition, kleptocracies, delivery of sub-standard goods and services, price distortions, and wasted foreign aid contributions.