ISO 37001: Anti-Bribery Management Systems

A Framework for Cross-Jurisdictional Compliance

India was ranked 40th in the latest Corruptions Perceptions Index report by Transparency International. It appears that the recent reforms and regulatory actions did not have an impact on the perceptions influencing India's CPI rankings. With Indian corporations looking to acquire a larger share of global markets, establishing global transparency and governance has become imperative. Indian firms are being recognised for transparency by organisations like Transparency International, indicating that they are moving in that direction. With this context, this article examines the possible pros and cons for Indian businesses to consider the recent management systems by the International Organisation for Standardisation (ISO) on anti-bribery and compliance management for compliance.