KUALA LUMPUR (Aug 13): Businesses and organisations should implement the ISO 37001:2016 Anti-Bribery Management Systems (ABMS) as an effective defence mechanism to manage corruption risks and to demonstrate that they have adequate procedures to prevent persons associated with the commercial organisation from undertaking corrupt practices.
SIRIM Bhd chairman Tan Sri Dr Ahmad Tajuddin Ali, in a statement, said ISO 37001:2016 is based on internationally recognised good practices and it specifies the requirements and provides guidance in designing, implementing, maintaining and improving organisations’ anti-bribery management system.
He said ISO 37001:2016 helps prevent, detect and respond to bribery while adhering to the Malaysian Anti-Corruption Commission (MACC) Act 2009 (Act 694) and other anti-corruption laws and regulations.
“Corruption is damaging for local businesses and ultimately, our national economy. Corrupt practices threaten business sustainability as they increase the costs of doing business and in the long term, customers, suppliers and investors would rather do business with well-governed and reputable firms.
“World’s best practices, ISO 37001 ABMS aims to improve systems and workflows by enforcing corporate governance. It will boost the level of confidence towards the country, making the economy more diversified by creating a healthy and competitive environment,” he said.
The statement was released in conjunction with a forum on ‘Breaking the Chain of Corruption through ABMS for Economic Sustainability’, jointly organised by the Malaysian Institute of Integrity (IIM) and SIRIM QAS International Sdn. Bhd, a wholly-owned subsidiary of SIRIM, today.
Meanwhile, IIM chief executive officer Nor’afiza Saim presented findings from a study which focused on the effectiveness of the implementation of ABMS.
The study, which was conducted by IIM and Universiti Malaysia Pahang (UMP), had nine organisations participating, all of them certified with ISO 37001 since 2017.
The study revealed that ABMS is an effective tool to improve the organisation’s culture of integrity, governance and anti-corruption, reputation and the commitment of its top management and governing body.
SIRIM QAS International is the first and only certification body to be accredited by the Department of Standards Malaysia to offer ISO 37001:2016 Anti-Bribery Management Systems certification.
Certification from SIRIM QAS International provides confidence to customers and stakeholders that the certified organisation is adopting best practices in managing bribery risks.
Currently, 60 organisations have been certified under the ISO 37001:2016 Anti-Bribery Management Systems certification scheme.