They help in monitoring the frequency and nature of reported bribery incidents, effectiveness of training programs, and employee adherence to anti-bribery policies. KPIs in this context also assist in evaluating the robustness of internal controls and due diligence processes. By tracking these KPIs, organizations can demonstrate their commitment to anti-bribery standards, maintain a culture of integrity, and protect themselves from legal and reputational risks associated with bribery and corruption.
KPI |
Definition
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Business Insights [?]
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Measurement Approach
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Standard Formula
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Anti-Bribery Clauses in Contracts More Details |
The percentage of contracts that include anti-bribery clauses or representations.
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Highlights the commitment to anti-bribery practices in formal business agreements.
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Considers the number of contracts that include specific clauses related to anti-bribery.
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(Number of Contracts with Anti-Bribery Clauses / Total Number of Contracts) * 100
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- An increasing percentage of contracts with anti-bribery clauses may indicate a proactive approach to compliance and risk management.
- A decreasing percentage could signal a lack of emphasis on anti-bribery measures or potential compliance issues.
- Are there specific types of contracts or regions where anti-bribery clauses are frequently omitted?
- How does the percentage of contracts with anti-bribery clauses compare with industry standards or regulatory requirements?
- Educate contract managers and legal teams on the importance of including anti-bribery clauses in all contracts.
- Implement a review process to ensure that all new contracts include appropriate anti-bribery representations.
- Provide training and resources to suppliers and partners to encourage their commitment to anti-bribery measures.
Visualization Suggestions [?]
- Line charts showing the trend in the percentage of contracts with anti-bribery clauses over time.
- Pie charts comparing the distribution of contracts with and without anti-bribery clauses across different business units or regions.
- A low percentage of contracts with anti-bribery clauses may expose the organization to legal and reputational risks.
- Inadequate anti-bribery measures could lead to regulatory penalties and damage to the company's brand and relationships.
- Contract management software with compliance tracking features to monitor the inclusion of anti-bribery clauses in contracts.
- Due diligence and risk assessment tools to evaluate the effectiveness of anti-bribery measures in contracts.
- Integrate the monitoring of anti-bribery clauses with overall compliance and risk management systems to ensure alignment with broader organizational goals.
- Link contract management with supplier relationship management to enforce anti-bribery requirements throughout the supply chain.
- Improving the percentage of contracts with anti-bribery clauses can enhance the organization's reputation and demonstrate commitment to ethical business practices.
- Conversely, a low percentage may lead to increased scrutiny from regulators and stakeholders, impacting business relationships and opportunities.
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Anti-Bribery Committee Meetings Frequency More Details |
The frequency of meetings held by the anti-bribery committee or equivalent governance body.
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Assesses the regularity and priority given to anti-bribery discussions and actions.
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Tracks the number of times the anti-bribery committee meets within a period.
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Total Number of Anti-Bribery Committee Meetings / Time Period
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- Increasing frequency of anti-bribery committee meetings may indicate a proactive approach to addressing bribery risks and improving compliance.
- Decreasing frequency could signal a lack of focus on anti-bribery efforts or a potential complacency in addressing bribery risks.
- Are the committee meetings focused on specific high-risk areas or are they comprehensive in addressing bribery risks across the organization?
- How are the outcomes of these meetings translated into actionable anti-bribery measures and controls?
- Ensure that the agenda of committee meetings covers a wide range of bribery risks and compliance measures, not just routine matters.
- Implement a system for tracking and following up on action items resulting from these meetings to ensure effective implementation of anti-bribery measures.
Visualization Suggestions [?]
- Line charts showing the frequency of committee meetings over time to identify any patterns or irregularities.
- Bar graphs comparing meeting frequency across different business units or regions to identify potential discrepancies in focus on anti-bribery efforts.
- Infrequent or irregular committee meetings may lead to oversight of bribery risks and potential non-compliance with anti-bribery laws.
- Overly frequent meetings without meaningful outcomes can lead to meeting fatigue and a lack of focus on critical bribery risks.
- Compliance management software that includes features for tracking and managing anti-bribery committee meetings and associated action items.
- Collaboration tools that facilitate communication and follow-up on anti-bribery measures decided in these meetings.
- Integrate the outcomes of committee meetings with the organization's risk management and compliance systems to ensure that identified bribery risks are effectively mitigated.
- Link the anti-bribery committee's activities with internal audit processes to provide assurance on the effectiveness of anti-bribery measures.
- Improving the frequency and effectiveness of committee meetings can lead to better risk management and compliance, reducing the potential for legal and reputational damage from bribery incidents.
- Conversely, a lack of focus on committee meetings and anti-bribery efforts can increase the organization's exposure to bribery risks and legal consequences.
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Anti-Bribery Control Breaches More Details |
A count of instances where the organization's anti-bribery controls have been breached.
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Provides insight into the effectiveness of anti-bribery measures and areas for improvement.
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Counts the instances where established anti-bribery controls fail or are violated.
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Total Number of Control Breaches in a Time Period
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- An increasing number of anti-bribery control breaches may indicate weaknesses in the organization's compliance processes or a lack of awareness among employees.
- A decreasing trend could signal improved training and awareness programs, as well as more robust control measures being implemented.
- Are there specific regions, departments, or individuals that are consistently associated with anti-bribery control breaches?
- How effective are our reporting and investigation procedures in identifying and addressing potential breaches?
- Regularly review and update anti-bribery policies and procedures to reflect changes in regulations and business practices.
- Provide ongoing training and communication to employees at all levels to ensure understanding of anti-bribery controls and the consequences of non-compliance.
- Conduct periodic risk assessments to identify and address potential vulnerabilities in the organization's anti-bribery framework.
Visualization Suggestions [?]
- Line charts showing the trend of anti-bribery control breaches over time.
- Pareto charts to identify the most common types or sources of breaches.
- Repeated breaches can lead to legal and reputational damage, as well as financial penalties.
- An increase in breaches may indicate a systemic issue that requires immediate attention to avoid further violations.
- Compliance management software to track and manage anti-bribery controls and incidents.
- Whistleblower hotlines or anonymous reporting systems to encourage the reporting of potential breaches.
- Integrate anti-bribery control breach data with internal audit and risk management systems to identify patterns and root causes.
- Link breach data with employee performance evaluations to incentivize compliance and ethical behavior.
- Improving anti-bribery control breaches can enhance the organization's reputation and credibility, leading to increased trust from stakeholders.
- Conversely, a high number of breaches can damage relationships with partners, customers, and regulatory authorities, impacting business operations and growth opportunities.
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CORE BENEFITS
- 51 KPIs under ISO 37001
- 15,468 total KPIs (and growing)
- 328 total KPI groups
- 75 industry-specific KPI groups
- 12 attributes per KPI
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Anti-Bribery Management System Certification More Details |
The status of the organization's anti-bribery management system certification (e.g., whether it is currently ISO 37001 certified).
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Reflects the adherence to recognized anti-bribery management practices and standards.
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Considers whether the management system has been certified against an anti-bribery standard such as ISO 37001.
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Binary Metric (1 if Certified, 0 if Not Certified)
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- Increasing ISO 37001 certification may indicate a stronger commitment to anti-bribery measures and improved compliance efforts.
- Decreasing certification or failure to obtain certification could signal a lack of focus on anti-bribery management or potential legal risks.
- Are there specific areas or departments where bribery risks are more prevalent?
- How does the certification status align with the organization's overall legal compliance efforts?
- Regularly review and update anti-bribery policies and procedures to ensure they align with ISO 37001 requirements.
- Provide ongoing training and awareness programs to employees to reinforce the importance of anti-bribery measures.
- Conduct regular internal audits to identify and address any potential gaps in the anti-bribery management system.
Visualization Suggestions [?]
- Line charts showing the trend of ISO 37001 certification status over time.
- Pie charts to compare certification status across different departments or regions.
- Lack of ISO 37001 certification may expose the organization to legal and reputational risks associated with bribery and corruption.
- Failure to maintain certification could result in loss of business opportunities with partners or clients who prioritize anti-bribery compliance.
- Compliance management software to track and manage ISO 37001 certification requirements and deadlines.
- Whistleblower hotlines or reporting systems to encourage the reporting of any potential bribery or corruption issues.
- Integrate ISO 37001 certification status with vendor management systems to ensure that suppliers also adhere to anti-bribery standards.
- Link certification status with performance management systems to incentivize and reward compliance efforts.
- Improving ISO 37001 certification status can enhance the organization's reputation and credibility in the eyes of stakeholders and business partners.
- On the other hand, a decline in certification status may lead to increased scrutiny from regulatory authorities and potential legal consequences.
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Anti-Bribery Management System Improvement Actions More Details |
The number of actions taken to improve the anti-bribery management system based on audit findings or risk assessments.
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Indicates the commitment to continuous improvement in anti-bribery practices.
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Measures the number of actions taken to improve the anti-bribery management system.
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Total Number of Improvement Actions Taken
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- An increasing number of improvement actions may indicate a more proactive approach to addressing bribery risks.
- A decreasing number of improvement actions could suggest that the anti-bribery management system is becoming more mature and stable.
- Are the improvement actions targeting specific areas of the anti-bribery management system, or are they more scattered?
- How effective have the improvement actions been in mitigating bribery risks identified in audits or risk assessments?
- Regularly review and update the anti-bribery policy and procedures based on audit findings and risk assessments.
- Provide targeted training and communication to employees in areas where improvement actions are frequently needed.
- Implement a system for monitoring and evaluating the effectiveness of improvement actions over time.
Visualization Suggestions [?]
- Line charts showing the trend of improvement actions taken over different audit cycles or risk assessment periods.
- Pareto charts to identify the most common areas requiring improvement and prioritize actions accordingly.
- A high number of improvement actions without significant impact may indicate a lack of effectiveness in the anti-bribery management system.
- A consistently low number of improvement actions may lead to complacency and increased vulnerability to bribery risks.
- Compliance management software to track and manage improvement actions, as well as monitor policy and procedure updates.
- Risk assessment tools to identify and prioritize areas for improvement based on the level of bribery risk.
- Integrate improvement action tracking with overall compliance and ethics management systems to ensure alignment with broader organizational goals.
- Link improvement actions with employee performance evaluations and incentives to promote a culture of anti-bribery compliance.
- Increasing the number of improvement actions may initially increase resource allocation but can lead to long-term risk reduction and cost savings.
- A decrease in improvement actions may signal improved efficiency, but ongoing monitoring is necessary to prevent regression in anti-bribery efforts.
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Anti-Bribery Policy Acknowledgement Rate More Details |
The percentage of employees and relevant third parties who have formally acknowledged understanding and accepting the organization's anti-bribery policy.
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Shows employee awareness and acceptance of anti-bribery policies.
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Tracks the percentage of employees who have formally acknowledged the anti-bribery policy.
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(Number of Employees Who Acknowledged the Policy / Total Number of Employees) * 100
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- An increasing anti-bribery policy acknowledgement rate may indicate improved awareness and compliance within the organization.
- A decreasing rate could signal a lack of understanding or acceptance of the policy, potentially leading to higher bribery risks.
- Are there specific departments or regions where the acknowledgement rate is consistently low?
- How does the acknowledgement rate compare with industry or sector benchmarks?
- Provide regular training and communication on the anti-bribery policy to ensure understanding and awareness.
- Implement a system for tracking and following up on policy acknowledgements to ensure completeness.
- Consider incentives or disciplinary measures to encourage compliance with the policy.
Visualization Suggestions [?]
- Line chart showing the trend of acknowledgement rates over time.
- Pie chart comparing acknowledgement rates across different departments or business units.
- A consistently low acknowledgement rate may indicate a higher risk of bribery and potential legal issues.
- Inadequate policy acknowledgement could lead to reputational damage and loss of trust with stakeholders.
- Compliance management software to track and manage policy acknowledgements.
- Learning management systems for delivering and tracking employee training on anti-bribery policies.
- Integrate policy acknowledgement tracking with HR systems to ensure all employees and relevant third parties are included.
- Link acknowledgement data with internal audit processes to identify and address non-compliance issues.
- Improving the acknowledgement rate can enhance the organization's reputation and reduce legal and financial risks associated with bribery.
- Conversely, a low acknowledgement rate may lead to increased scrutiny from regulators and law enforcement agencies.
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In selecting the most appropriate ISO 37001 KPIs from our KPI Library for your organizational situation, keep in mind the following guiding principles:
It is also important to remember that the only constant is change—strategies evolve, markets experience disruptions, and organizational environments also change over time. Thus, in an ever-evolving business landscape, what was relevant yesterday may not be today, and this principle applies directly to KPIs. We should follow these guiding principles to ensure our KPIs are maintained properly:
By systematically reviewing and adjusting our ISO 37001 KPIs, we can ensure that your organization's decision-making is always supported by the most relevant and actionable data, keeping the organization agile and aligned with its evolving strategic objectives.