Introduced in October 2016, the certification ensures that an organization is implementing an effective anti-bribery management program and utilizing widely accepted controls, systems and best practices.
United Arab Emirates: Underscoring its commitment to best practices in ethics and compliance, Mubadala Investment Company’s Ethics & Compliance Office has become one of the first UAE entities to receive the International Organization for Standardization in Anti-Bribery Management Systems (ISO 37001:2016) certification.
Introduced in October 2016, the certification ensures that an organization is implementing an effective anti-bribery management program and utilizing widely accepted controls, systems and best practices in line with local and international legislation to prevent, detect and address bribery and promote an ethical, transparent, open, and compliant culture within the workplace.
Shahzad Khan, Head of the Ethics & Compliance Office at Mubadala Investment Company, said: "We are very proud to attain this certification. It demonstrates our strong commitment to the highest standards of ethics and integrity in our activities. This achievement specifically affirms the presence of anti-bribery management systems across Mubadala that support a culture of transparency and compliance in line with the highest global standards.”
To achieve the ISO 37001:2016, Mubadala demonstrated merit in a number of areas including compliance monitoring, compliance with applicable laws and regulations, compliance risk analysis, designing of a compliance function, policy making and its implementation, due diligence, implementing and monitoring compliance control measures, advisory, reporting to regulators and internal committees and investigations.
Zafar Anjum, CEO of Corporate Research and Investigations Limited (CRI Group) and ABAC Center of Excellence Limited which independently provide ISO 37001 audit and certification said: "I commend Mubadala on their company-wide commitment to integrity and preventing bribery and corruption at all levels. There is perhaps no better way to demonstrate that commitment than the ISO 37001:2016 certification, as these standards are recognized and practiced in more than 160 countries worldwide."