Question
Which organization became the first Central Public
Sector Enterprise (CPSE) in India to receive certification for Anti-Bribery Management System (ABMS)?Solution
Oil and Natural Gas Corporation (ONGC) has become the first Central Public Sector Enterprise (CPSE) in India to receive certification for Anti-Bribery Management System (ABMS) by M/s InterCert USA. ONGC adopted the Integrity Pact (IP) by Transparency International in 2005, making ABMS Certification another milestone in strengthening its stature as a preferred business partner. The ABMS has been implemented in the first phase across 10 departments of ONGC's Corporate Office in Delhi, under the guidance of M/s Digital Age, an international consultancy firm. Learn Along: About ONGC (The Oil and Natural Gas Corporation Limited) Founded: 14 August 1956 Headquarters: New Delhi Chairman & CEO: Arun Kumar Singh About Anti-Bribery Management System ISO 37001:2016 is the International Standard that guides organizations in eradicating bribery-related incidents and concerns. The standard addresses the issue of corruption by providing a globally recognized approach to prevent, detect, and address bribery through policies, compliance oversight, training, risk assessments, due diligence, financial and commercial controls, and reporting and investigation procedures.
Select the most appropriate option to substitute the bold segment. If no substitution is required select 'No substitution'.
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