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The FCPA Report: Developing KPIs and Tracking Metrics Using ISO 37001

December 19, 2016
Categories: Anti-corruption, Bribery

In a two-part series for The FCPA Report, CREATe’s Leslie Benton, Matthew Herrington (Partner in the international practice, Steptoe & Johnson LLP), and Jonathan Drimmer (Vice President and Deputy General Counsel, Barrick Gold Corporation) offer insights on the use of key performance indicators (KPIs) and other tracking metrics to measure implementation efficacy of the ISO 37001 anti-bribery management systems standard.

Part One provides background on the utility of KPIs and metrics, details the elements of a successful KPI, and explores how the ISO standard can be used to develop KPIs and metrics The article uses the training section of the ISO standard to illustrate how an organization can use the standard develop KPIs and metrics to measure the implementation of their anti-bribery compliance programs.

Part Two looks at a broader set of the standard’s requirements and describes how they can be used to develop KPIs. For example, risk assessments, leadership, resources, and personnel controls are all required elements of a robust anti-bribery compliance program that can be mapped to KPI components, and then evaluated for success. Part Two also explores KPIs and other tracking metrics applicable to third-party controls, employee vetting and due diligence, and reporting lines.

Use of KPIs and other metrics to evaluate the efficacy of ISO 37001 management systems requirements can further facilitate continuous improvement of anti-bribery compliance programs and the building of a culture of compliance and integrity.

The FCPA Report: Developing Key Performance Indicators and Tracking Metrics Using ISO 37001: Part One is available for download here.

The FCPA Report: Developing Key Performance Indicators and Tracking Metrics Using ISO 37001: Part Two is available for download here.

To learn more about ISO 37001, please see CREATe’s eBook, available here

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