BS10500 Imp-Guide v1

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  BS 10500 Anti-bribery Management It’s your reputation Your implementation guide  Background BS 10500  is the recognized standard for anti-bribery management. It helps organizations put in place measures to address bribery risks in relation to their operations and activities. The standard has evolved from calls at both a national and international level for effective action to be taken to prevent bribery. As such the structure of the BS 10500 management system framework encourages organizations to adopt risk-based policies, procedures and controls in order to avoid potentially corrupt business and demonstrate good governance.This guide will help you understand that adopting an anti-bribery management system is easier than you think. Working with BSI you can embed the requirements of standard within your organization and as a result demonstrate your commitment to ethical business practices and protect your corporate reputation. 2 BS 10500- Anti-bribery Management  Of course the bribery risk facing an organization will vary according to a number of factors such as the size of the business, the countries and sectors in which it operates, and the nature, scale and complexity of its operations. Whilst the standard cannot provide assurance that no bribery has occurred or will take place in relation to the organization, it does establish that the business has implemented reasonable and proportionate measures to mitigate this risk. Getting started Firstly, you need to understand the standard and the task in hand. Purchasing a copy of the BS 10500 standard is the first step. Next the focus is on appointing a project champion and building a supportive team, as well as ensuring that you get commitment and buy-in to the project from the organization as a whole. It is important that they all understand why you are implementing the system and the wider benefits it will bring. Demonstrating your ethical behaviour BS 10500 is appropriate for use by all organizations whether in the private, public and voluntary sectors. While it is applicable to all industry sectors, the standard has been of particular interest to organizations in industries with a greater exposure to risk, such as aerospace, chemicals, construction, defence, engineering, healthcare, mining, pharmaceutical and utilities. Sources: Ernst & Young European fraud survey 2011* Transparency International “Putting corruption out of business” survey 2011 ** 3 BS 10500 Corporate reputation 79% think an organization has an ethical duty to fight corruption** = Demonstration of due diligence policies and procedures to mitigate and address the risk of bribery Supply Chain 53% of respondents state that they would be unwilling to hire suppliers or agents involved in a major bribery or corruption case* = Improved business relationships - reduced risk of bribery and corruption in your supply chain Responsible Employer 45% would be unwilling to work for a company involved in a major bribery or corruption scandal** = Enhanced internal and external image as a reputable and ethical organization Legal Responsibility 40% think that bribery and corruption are widespreadand has become worse during the economic downturn*  = Demonstrate legal compliance and reduce the likelihood of facing prosecution under the UK Bribery Act Operational improvements 65% consider auditing and company anti-corruption policies as effective ways to address bribery* = Reduced business disruption and loss of focus caused by bribery investigationsPotential opportunity to cut the cost of corporate insurance premiums Learn more about the standards and guides available from BSI The benefits of implementing an anti-bribery management system  Understanding BS 10500 The costs of bribery are very high for an organization in terms of money wasted, funds misappropriated, projects not properly or safely carried out, business interuption and above all reputational damage. BS 10500 aims to help organizations implement ‘adequate procedures’ to address the following bribery risks in relation to an organization’s activities: 4 BS 10500 - Anti-bribery Management “Working towards meeting the BS 10500 standard has revealed holes in our existing anti-bribery processes that we were able to plug. The team from BSI have been very supportive in taking us through the standard for this pilot. We look forward to gaining full certification in the future.” Patrick Myers, , Myers La Roche ã  Bribery in the public, private and voluntary sectors ã  Bribery BY the organization, or by its personnel or others acting on its behalf or for its benefit ã  Bribery OF the organization, or by its personnel or others acting on its behalf or for its benefit ã  Direct or indirect bribery (eg. a bribe paid or received through or by a third party) ã  Bribery within the country in which the organization is based, and bribery in other countries in which the organization operates ã  Bribery of any value, whether large or small (including facilitation payments) ã  Bribery involving both cash and non-cash advantages (including excessive corporate hospitality)
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