The primary aim of this study was to conduct investigative research into two recent case studies in order to demonstrate effective and adequate applications of Anti-Corruption procedures based upon specific case-level outcomes. Over the course of this exploratory research, the following core objectives have been accomplished:
- To compare and analyse the spectrum of regulatory instruments and corporate compliance standards in order to establish the comparative basis for Anti- Corruption policies and practices.
- To assess the specific cases of Airbus and Rolls-Royce to outline rules-based violations and identify compliance instruments for mitigating future replication.
- To propose a combinative institutional solution for managing and monitoring corporate compliance to prevent bribery and corruption in modern enterprise.
CASE STUDY COMPARISON
To assess variations on corruption prosecution from recent cases in the global aviation industry, the following comparison draws upon two public, high-profile incidents with overlapping timelines. Whilst both Airbus and Rolls-Royce were subject to multinational prosecutorial inquiries on the basis of their similar corporate activities, the legal conditions and subsequent resolutions were distinct and indicative of varying compliance approaches.
Long-lasting benefits of ISO 37001 ABMS certification in deterring Bribery Risk
ISO 37001 provides a strong framework for addressing and isolating risk factors in all industries. The benefits of certification are far-reaching, impacting not just the primary organisation but also influencing contractors, clients, and raising the profile of the company as an ethical entity that is a good trading partner. Even more effective, ABAC® tailors IS0 37001 to the specific needs of the client.
By achieving ISO 37001:2016 certification, an organisation will ensure that it is implementing a viable anti-bribery management system utilising widely accepted controls and systems. It will also assure management, investors, business associates, personnel and other stakeholders that the organisation is actively pursuing internationally recognised and accepted processes to prevent bribery and corruption. Today, companies cannot afford to be reactive to threats of bribery and corruption. By achieving ISO 37001 Anti-Bribery Management System certification today, an organisation will remain in compliance and better positioned to address risks head-on.
About ABAC® Center of Excellence
ABAC® programs protect your organisation from damaging litigation & safeguard your business in the global marketplace by providing certification & training in internationally recognised ISO standards, such as ISO 37001 Anti-Bribery Management Systems, ISO 37301 Compliance Management Systems and ISO 31000 Risk Management Systems.
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, 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. Contact CRI® Group today for further information on how CRI® Group can help your business.
[…] One example is Rolls-Royce Motor Cars, which was punished to the tune of an $800 million (U.S.) global settlement that included a deferred prosecution with the UK’s Serious Fraud Office (SFO), the U.S. Justice Department and Brazilian authorities. The company was found to have engaged in systemic bribery spanning 13 years and 22 countries. There were multiple schemes in various countries and locations, including Indonesia, Thailand, India, Nigeria, China, and Russia. Learn more in detail about the Rolls-Royce investigation in ABAC® Group’s case study, “Ethics, Compliance and Rolls-Royce.” […]