ISO
37001 is flexible and can be adapted to a wide range of organizations,
irrespective of size, sector, structure, geography, or jurisdiction. It is
applicable to small, medium, and large organizations, as well as parts of an
organization.
1.
Corporate/Private Sector:
In the present era of globalization, when the economic borders are fading away
with the concept of free market economy and international value chains are
stretching across borders and continents, anti-corruption compliance plays a
vital role for companies with high ethical values trying to expand business
across borders and attract potential investors and business partners for the
long term. Such companies are expected to ensure not just the integrity of their
own operations but also the conduct of their suppliers, distributors, and
agents wherever they may be. Evidence of this comes from high-profile
prosecutions of multi-national firms that are not only subject to significant
fines but also risk loss of share value and reputation. To meet these needs,
the standard ISO/IEC 37001:2016 is designed and applicable to all organizations
(or parts of an organization) regardless of type, size and nature of business
activity, whether in public or private sectors or not-for-profit organizations,
or even government departments extending public services.
2.
Public Sector Organizations: Public sector organizations play critical roles, often
interacting directly with the public they serve; they include utility service
providers, license issuing authorities and other regulatory bodies. These are
vulnerable areas where authority is concentrated with weak financial positions
that must fulfill the needs of both the service provider and its users. Such
public sector organizations can benefit from implementation of ISO/IEC
37001:2016 to control bribery and corruption for enhancement of their
productivity level and play an improved role in the socio-economic development
of their country.
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