At the end of September 2022, Boost successfully certified in accordance with ISO 37001 – The Anti-Bribery Management System (ABMS).
The ISO ABMS certificate comes in third in Boost daily business after ISO 9001 and ISO 27001 were successfully re-certified in 2022.
The new standard was introduced by Boost to improve its business, and to offer such service (as well as other standards in the Boost portfolio) to the domestic and foreign markets. The application of the provisions of this standard ensures that you have control over business processes that, if not controlled, can bring great harm – either in reputational or financial terms.
With ABMS You make it clear to your clients and suppliers, as well as employees, that your institution pays great attention to the business and legally correct relationship and that it has clear and unequivocal internal controls and tools to prevent bribery, corruption, conflicts of interest or any other act that is not acceptable either under the rules of business or on the basis of the legal framework.
The ABMS standard ensures that institutions have implemented at least one socially responsible measures in their business, at least those that care about their reputation.
In order to protect company against the consequences caused by bribery and corruption that may occur in any segment of the business and at any level, Board and Management in general must define procedures and carry out controls. Management must establish appropriate controls throughout the width and depth of the organizational structure to make sure that they have captured all levels and segments of the business.
In practice, this means that Board or Management do not have to participate directly in bribery or corrupt practices, but if there are no measures, controls and supervision that will also be recognized and prevented in time, the very consequences of these actions will be borne by both Board and Management since they are at the top of the responsibility pyramid.
