Launch of Singapore Standard on Anti-Bribery Management Systems

PRESS RELEASE BY SPRING SINGAPORE AND CPIB
Launch of Singapore Standard on Anti-Bribery Management Systems 
 

SPRING and CPIB launch SS ISO 37001 to help Singapore companies looking to internationalise manage corruption risk

          SPRING Singapore and the Corrupt Practices Investigation Bureau (CPIB) launched the Singapore Standard (SS) ISO 37001 on Anti-bribery management systems – Requirements with guidance for use today. Companies in Singapore can enhance their anti-bribery controls by adopting SS ISO 37001. The voluntary standard that is based on internationally-recognised good practices provides guidelines to help Singapore companies strengthen their anti-bribery compliance systems and processes and ensure compliance with anti-bribery laws (Refer to factsheet for more information on SS ISO 37001).

           Singapore has built a reputation as a trusted hub for business and trade contributing to our economic growth over the last 50 years. This would not be possible without a clean and incorrupt system set in place by strong political will. To seize the opportunities of the future economy, it is imperative for Singapore companies to venture overseas. SS ISO 37001 allows these companies to benchmark the integrity of their governance processes against international standards and practices. This will increase trust and confidence in their products and services and boost their competitiveness in global markets.

            SS ISO 37001 is a national adoption of ISO 37001:2016 – Anti-bribery management systems – Requirements with guidance for use which was published by the International Organization for Standardization (ISO). ISO 37001 represents a global consensus of good practices of public and private sectors organisations. It was developed by an ISO committee comprising representatives from 61 countries including Singapore. Singapore was represented by the Working Group on Anti-Bribery Management Systems  led by the CPIB and comprised of 11 representatives from businesses, trade associations and chambers,  academia, and government bodies.
 
            Mr Wong Hong Kuan, Director, Corrupt Practices Investigation Bureau, and Convenor of Working Group for Anti-Bribery Management Systems said, “With the operating environment becoming more complex, and corruption cases more transnational in nature, adopting the new SS ISO 37001 standard will help Singapore companies safeguard against bribery. Each of us has a part to play in making Singapore corruption-free so that it remains an attractive place for businesses and investments.”

            The requirements for SS ISO 37001 are generic and can be adopted by any organisation. SS ISO 37001 is based on a similar framework as other widely used ISO management systems standards like SS ISO 9001 for quality management and SS ISO 14001 for environmental management. This makes it easier for organisations to integrate SS ISO 37001 with these standards. Used together, they help organisations gain a competitive edge through developing quality products and services, raising productivity through increased efficiency and increasing market and trade opportunities.

            “By adopting SS ISO 37001, our companies will gain an additional stamp of confidence in their systems and processes to help them grow beyond Singapore’s shores. To encourage local enterprises to adopt the standard, SPRING will be working with public and private stakeholders to provide assistance in terms of training, consultancy, certification and funding,” said Ms Choy Sauw Kook, Assistant Chief Executive, Quality & Excellence, SPRING Singapore. 

             Mr Kho Choon Keng, Council Member of Singapore Chinese Chamber of Commerce & Industry (SCCCI) and Group Executive Chairman of Lian Huat Group said, “Being a trusted business partner and having a trustable business partner is an essential factor to business success. I believe that by adopting the SS ISO 37001, it will give home-grown companies a competitive advantage over others when it comes to business deals internationally.”  

             Mr Adrian Chan, Honorary Secretary of the Association of Small & Medium Enterprises (ASME) said, “To remain competitive in the future economy, SMEs have to enter new markets and internationalise. This standard helps SMEs level the playing field against large organisations and foreign firms when bidding for projects or procuring for services. It assures customers and suppliers that Singapore SMEs have good anti-bribery practices that are benchmarked against global best practices.” 

              A senior supply chain executive from a major US Oil & Gas company said, “Most multinational corporations (MNCs) operating in Singapore have to comply with strict US Foreign Corrupt Practices Act (FCPA) guidelines. The new SS ISO 37001 standard will help MNCs’ local partners and suppliers align with these guidelines and also provide them with a new level of assurance, saving them the need to audit and qualify these companies before working with them.”

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[1] The Working Group on Anti-Bribery Management System is under the purview of the Management Systems Standards Committee (MSSC). The MSSC is one of the standards committees of the industry-led Singapore Standards Council set up by SPRING Singapore, the national standards body.

About SPRING Singapore

SPRING Singapore is an agency under the Ministry of Trade and Industry responsible for helping Singapore enterprises grow and building trust in Singapore products and services. As the national standards and accreditation body, SPRING develops and promotes an internationally-recognised standards and quality assurance infrastructure. SPRING also oversees the safety of general consumer goods in Singapore. As the enterprise development agency, SPRING works with partners to help enterprises in financing, capability and management development, technology and innovation, and access to markets. Please visit www.spring.gov.sg for more information about SPRING Singapore.

About the Singapore Standards Council

The industry-led Singapore Standards Council (SSC) approves the establishment and withdrawal of Singapore Standards and advises SPRING Singapore, the national standards body, on the directions, policies, strategies and priorities for the Singapore Standardisation Programme. The Council has appointed 10 Standards Committees to lead standards development and implementation in various functional areas. Under these Standards Committees, various Technical Committees and Working Groups, which comprise representatives from the industry, professional bodies, trade and consumer associations, academia and government agencies, are formed to undertake the preparation of standards. Please visit www.spring.gov.sg/standards for more information on SSC.

About Corrupt Practices Investigation Bureau

The Corrupt Practices Investigation Bureau (CPIB) is a government agency under the Prime Minister’s Office. Functionally independent, it is the only agency responsible for the investigation and prevention of corruption in Singapore. The CPIB’s mandate is to investigate into any act of corruption in the public and private sectors in Singapore, and in the course of doing so, any other offences under the written law. The Bureau also leverages on public education and community outreach to spread the anti-corruption message. Please visit www.cpib.gov.sg for more information on CPIB.
 

SPRING Singapore 
Felicia Lee
Manager, Corporate Communications
Direct: 6279 3777
Mobile: 9879 4388    
Email: felicia_lee [at] spring.gov.sg 

Corrupt Practices Investigation Bureau 
Lee Wei Kit
Manager, Corporate Relations
Direct: 6480 5938
Mobile: 9818 1569
Email: lee_wei_kit [at] cpib.gov.sg

Last updated: 28 Sep 2017