Issue 36 – March 2012
The UK Bribery Act 2010, which came into force in July 2011, introduced a new offence of 'failure of a commercial organisation to prevent bribery' – leading to a surge in interest in Standards that can act as a defence for companies at risk. In response to the new legislation, BS 10500:2011 Specification for an anti-bribery management system (ABMS) will help you to verify both internally and to external stakeholders that you have robust anti-bribery practices in place and that they are being implemented adequately.
A management system is a proven framework to manage and continually improve your organisation's policies, procedures, and processes. The systematic approach it encourages will help you to identify risks earlier on and help you make sure that anti-bribery practices are maintained, and improved over time.