Certbie
Question 1 of 30
GlobalTech Solutions, a multinational corporation, is expanding its operations into the Republic of Eldoria, a market known for its intricate regulatory landscape and a high prevalence of corruption. As part of its strategic initiative to mitigate bribery risks, GlobalTech is implementing ISO 37001:2016. The company\'s risk assessment identifies third-party relationships, particularly with local distributors and government agencies, as a significant area of concern. According to ISO 37001:2016, what is the MOST comprehensive and effective approach GlobalTech should adopt for third-party due diligence in Eldoria to ensure compliance and minimize bribery risks?
Conduct a risk-based due diligence process that includes assessing the third party's reputation, existing anti-bribery controls, and business practices, ensuring alignment with GlobalTech's anti-bribery policy, and continuously monitoring and reassessing risks throughout the relationship.
Include standard anti-bribery clauses in contracts with all third parties in Eldoria, requiring them to comply with GlobalTech's code of conduct and relevant anti-bribery laws, without conducting further independent verification of their practices.
Rely on self-declarations from third parties regarding their compliance with anti-bribery regulations, supplemented by occasional background checks using publicly available information, focusing primarily on the third party's financial stability.
Focus solely on obtaining written assurances from third parties that they have never been involved in bribery incidents and conduct minimal due diligence, primarily checking for any adverse media reports before establishing a business relationship.

Preparing for ISO 14001:2015 Lead Auditor? Now land the interview.

73% of qualified candidates get rejected because of weak resumes. Build an ATS-optimized, recruiter-ready resume in under 5 minutes - free to start.

Build My Resume Free