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The pros and cons of ISO 37001 certification

Jaclyn Jaeger | October 25, 2016

The corporate world is awash in global standards: accounting, risk management, information technology, quality and safety management, and much more. Little surprise, then, that a uniform international standard for the prevention and detection of bribery would eventually enter the picture, too.

The International Organization for Standardization (ISO)—an independent, non-governmental group with a membership of 162 national standard-setting bodies—this month published the final version of ISO 37001. It is the first internationally recognized and certifiable anti-bribery minimum standards program, designed to help organizations of all sizes in the public, private, and non-government sectors combat bribery risk in their own operations and throughout their global supply chains.

Neill Stansbury, director of the Global Infrastructure Anti-Corruption Centre and chair of ISO’s project committee, notes that the...

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