Business objectives can only be achieved if risks are managed effectively – implementing Anti-bribery & Anti-corruption policies help any business maximise returns while managing reputation.
There are some critical questions being posed to business leaders today: Has your organisation implemented reasonable and proportionate measures to prevent bribery? How will you know if your anti-bribery and anti-corruption controls are adequate? Are you aware of the latest best practices in preventing corruption? In short, are you ready for ISO 37001?
This report analyses the performance of Rolls-Royce in terms of anti-bribery and anti-corruption policies within the scope of the ISO 37001 provisions. This organisation has been involved in several large-scale investigations in recent years, which makes it especially interesting to explore how it has changed its policies in this sphere to address the identified deficiencies. The findings indicate that Rolls-Royce has addressed these problems by cooperating with a globally recognised external auditor, revising its corporate policies, and implementing additional employee training. In terms of risks, the scope of company operations presumes high degrees of risk since it operates in 150 countries and experiences severe rivalry in the defence contracts industry, the energy sector, and the aerospace industry.
The presently utilised measures imply an efficient system of internal reporting and the supervision of financial processes performed by several departments, which provides for a right level of transparency. However, the effectiveness of the REACH monitoring programme may depend on the availability of corporate resources since the legal team, the governance team, and the export team have to supervise all potentially fraudulent operations in multiple countries. This suggests the need to prioritise the contexts characterised by high corruption levels.
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Who is CRI Group™?
Based in London, CRI Group™ works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk Management, Employee Background Screening, Business Intelligence, TPRM, Due Diligence, Compliance Solutions and other professional Investigative Research solutions provider. We have the largest proprietary network of background-screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are we have the network needed to provide you with all you need, wherever you happen to be. CRI Group™ also holds BS 102000:2013 and BS 7858:2012 Certifications, is an HRO certified provider and partner with Oracle.
In 2016, CRI Group™ launched Anti-Bribery Anti-Corruption (ABAC™) Center of Excellence – an independent certification body that provides education and certification services for individuals and organisations on a wide range of disciplines and ISO standards, including ISO 31000:2018 Risk Management- Guidelines; ISO 37000:2021 Governance of Organisations; ISO 37002:2021 Whistleblowing Management System; ISO 37301:2021 (formerly ISO 19600) Compliance Management system (CMS); Anti-Money Laundering (AML); and ISO 37001:2016 Anti-Bribery Management Systems ABMS. ABAC™ offers a complete suite of solutions designed to help organisations mitigate the internal and external risks associated with operating in multi-jurisdiction and multi-cultural environments while assisting in developing frameworks for strategic compliance programs. Contact ABAC™ for more on ISO Certification and training.