How Does It Add Value to Your Organization?
ISO 37001:2016 Anti-Bribery Management System (“ABMS”) accreditation is a step-up approach which organizations can benchmark and adopt an effective anti-bribery management system. Commercial organizations in Malaysia are encouraged to implement such ABMS as such a system will carve the opportunities on:
- Promoting Trust & Confidence – An organization’s credibility is enhanced with lowered bribery risk. Moreover, organizations with proper ABMS in place promotes trust and are more likely to sign agreements with other organizations, as compared to those without one in place.
- Adding Strategic Advantage – ISO 37001:2016 ABMS certification will be required in fulfilling the pre-requisite for bidding of government projects, as indicated in item 6.2.4 of National Anti-Corruption Plan. Strategically, this also promotes business growth, leveraging on trust and confidence on the organizations with ABMS.
- Cost & Reputational Damage Avoidance – An effective ABMS means having the necessary measure to reduce bribery risk by preventing or detecting bribery / corruption scheme before it adversely affects the organization. As such, cost arising from corrupt practices and reputational damage can be avoided. In fact, the certification provides added advantage in fulfilling the adequate procedures requirement, which is key to safeguard a commercial organization against the deemed offense clause under Section 17A of Malaysian Anti-Corruption Commission (“MACC”) Act 2009 (amended 2018).
- Fundamental Governance Support Component Within Environmental, Social & Governance (“ESG”) – internal and external assessments on the performance, effectiveness and efficiency of anti-corruption program
HOW CAN WE ADD VALUE TO YOUR ORGANIZATION?
At Tricor Axcelasia, we assist organizations in embarking on a journey towards establishment of ABMS and provide independent audit services on ABMS effectiveness in line with ISO 37001:2016 ABMS requirements.
For more information, please contact our Tricor Axcelasia team:
Senior Executive Director
(60) 3 2783 8459
(60) 3 2783 8438