The Ethics & Compliance Office of Mubadala Investment Company PJSC has successful completely the ABAC® Certification program and achieved ISO 37301:2021 Compliance Management standard certification.
The announcement is made under the Chairmanship of His Highness Sheikh Mohammed bin Zayed Al Nahyan, The Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Executive Council.
Zafar Anjum, CEO of ABAC® Group, said: “Congratulations on achieving ISO 37301 Compliance Management System certification. Mubadala, one of the very first organisations within the financial and investment sector, is signifying an effective corporate compliance program with ISO 37301:2021 Compliance Management Systems certification. ISO 37301:2021 Compliance Management Systems is an internationally acceptable best practices standard representing the first step in developing a comprehensive compliance framework that protects the organisation and prevents it from falling victim to the many compliance risks and to developing processes and systems specifically designed to help your organisation effectively manage its compliance risks while fostering a system-wide culture of business integrity.”
MDC General Services Holding Company LLC (Mubadala) is a pioneering global investment firm based in Abu Dhabi, UAE, deploying capital with integrity and ingenuity to accelerate economic growth for the long-term benefit of Abu Dhabi. As Abu Dhabi’s leading strategic investment company, Mubadala is active in 13 sectors and more than 30 countries worldwide.
ISO 37301 is a Type A standard and – unlike its predecessor ISO 19600 – is certifiable. That being said, 90% of the new standard is based on ISO 19600:2014. Companies that have previously aligned themselves to this one will not need to make radical changes. And organisations can have their compliance management system verified through an independent third party in the future. If your organisation performs regular risk assessments, you have probably noticed that corporate compliance consistently ranks as one of the most significant risks. The implementation and certification of a robust compliance program can help you maintain integrity and ensure compliance with all applicable rules and regulations in a systematic, structured and proactive manner.
CMS Certification is a component of the Anti-Bribery and Anti-Corruption (ABAC®) Centre of Excellence. CMS helps organisations to comply with the legislation that is applicable to them and with the commitments assumed by their stakeholders. They reduce the economic or reputational risks of failing to comply with them and are a fundamental tool for organisations to comply with their corporate social responsibility policies. They undoubtedly help to create a culture of integrity and compliance that fosters sustained success and the survival of the organisation. At the surface, organisations that implement ISO 37301 demonstrate a commitment to company-wide good governance and ethical practices, two core principles that contribute to any business’s overall economic success. But the benefits of implementation go much deeper and include:
- Safeguarding the organisation’s overall reputation
- Verifying the existence of an effective compliance management system
- Reducing the risk of prosecution in legal proceedings
- Strengthening the organisation’s position in international business deals
Additionally, courts in several jurisdictions have previously taken into consideration an organisation’s overall commitment to compliance when determining penalties in corruption-related legal cases. An effective compliance management system provides proof of the organisation’s integrity levels and business values.
ISO 37001:2016 Anti-Bribery Management System certification is offered by ABAC® Centre of Excellence, an independent certification body established for Anti-Bribery Management System training and certification, Compliance Management System and Risk Management System certification. The program will be tailored to your organisation’s needs and requirements. For assistance in developing and implementing a fraud prevention strategy, contact ABAC® today or get a FREE QUOTE now!
About ABAC® Center of Excellence
ABAC® Center of Excellence is an independent certification body powered by CRI® Group. ABAC® offers a complete suite of services and solutions designed to educate, equip and support the world’s leading business organisations with the latest best-in-practice risk & performance assessments, systems improvement & standards certification. Find out more about ABAC®!
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, and is an HRO certified provider and partner with Oracle. Contact CRI Group today for further information on how CRI® Group can help your business.