The International Organization for Standardization (ISO) is drafting a new standard on anti-bribery management.
ISO 37001 is in the preparatory stages.
A draft version could be available for public comment early next year, with the final standard due for publication in 2016.
The European International Contractors (EIC), a trade association representing European contractors working outside their national borders, are among those helping draft the new standard.
The EIC wants the ethics and compliance standard to be part of the pre-qualification requirements for parties bidding on certain international work, International Construction said.
“That would make it a more level playing field in some countries,” according to EIC treasurer and a senior advisor to Swedish contractor NCC, Per Nielsen.
Nielsen told International Construction that ISO 37001 is being developed as a “Requirement standard,” meaning it would be auditable.
It could be applied to public, private, and not-for-profit organizations, he said.
Richard L. Cassin is the publisher and editor of the FCPA Blog. He can be contacted here.