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ISO 37001 - A Global Anti Bribery Standard

Author

Listed:
  • Anca Cristina Stanciu

    (“Ovidius” University of Constanta, Faculty of Economic Sciences, Romania)

  • Valentina Irena Tudoran (Niculiță)

    (The Bucharest University of Economic Studies, Romania)

Abstract

ISO certification is a recognition of the fact that an organization meets international standards in its field of activity. The anti-bribery management system, recommended by the ISO 37001/2016 standard, is designed to help organizations in the fight against corruption, and to build a culture of integrity and transparency aimed at reducing the incidence of bribery in organizations. Starting from the premise that a company's commitment to exemplary ethical principles in business is a critical element of any successful organization with an appreciated image, the present paper has purpose of highlighting the role played by the implementation of the anti-bribery standard in the company's strategy, as well as the benefits that are generated by its application. Ethical practices in business through the ISO 37001 certification also involve going through some stages that will be detailed and taking also into account the action of influential factors in gaining the trust of business partners, authorities and clients.

Suggested Citation

  • Anca Cristina Stanciu & Valentina Irena Tudoran (Niculiță), 2023. "ISO 37001 - A Global Anti Bribery Standard," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 164-169, December.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:2:p:164-169
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    More about this item

    Keywords

    standard; anti-bribery; certification; strategy;
    All these keywords.

    JEL classification:

    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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