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 1956Ā Ā Ā Ā Headquarters: New DelhiĀ Ā Ā Ā Ā 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.
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