Robert Bosch Middle East first to obtain the anti-bribery certification in the region

78

Robert Bosch Middle East certified to new ISO 37001:2016 “Anti-bribery Management Systems”.

During handing over the certificate to Robert Bosch Middle East at the Minister’s office

UAE: Bosch, the global supplier of technology and services, is the first company in the UAE to be certified to the new ISO 37001:2016 “Anti-bribery Management Systems” standard, by TASNEEF-RINA Business Assurance L.L.C. The certificate will be presented to the General Manager and Vice President of Robert Bosch Middle East, Volker Bischoff, and Bosch Middle East Compliance Manager, Sarfraz Ahmed Khan, in the presence of H.E Sultan Bin Saeed Al Mansoori, the Minister of Economy of the UAE.

H.E Sultan Bin Saeed Al Mansoori, the Minister of Economy of the UAE and the Chairman of the SCA board emphasized the importance of implementing ISO standard 37001: 2016 saying: “As per the Corruption Perceptions Index 2016 issued by Transparency International, UAE took the lead of being transparent and excellent in Anti-bribery Management amongst Middle East and North African countries. This progress came as a result of the vision and directions of our leadership to improve the financial industry through systems and workflows that enforce corporate governance according to the world’s best practices. Over years of fighting the corruption we feel confident now that we succeeded in building sustainable economy that is capable of facing all the future challenges. Making the UAE economy more diversified and creating a healthy competitive environment is a top priority for our government.”

Eng.Rashid AlHebsi, CEO of TASNEEF said: “In order to fight corruption, we must join forces among all institutions. We understand the importance of building a safe environment that aims at enhancing the Arab region economy and we try to play this role. We are looking to be one of the world’s leaders in promoting anti-bribery, anti-corruption, transparency and efficiency in corporate management. We are also proud to grant ISO 37001:2016 certificate to “Robert Bosch Middle East” to be the first German company to obtain this certificate. This makes Bosch an icon to be followed by other companies who aim at fighting bribery and eliminating all aspects of financial corruption.”

Volker Bischoff, General Manager and Vice President at Robert Bosch Middle East, commented, “This certification is testament to the importance of an ethical business landscape and to the Bosch way of working. At Robert Bosch Middle East, we believe in transparency and fully understand the value of an organization that operates in an ethical manner. We are proud of the trust TASNEEF-RINA Business Assurance has placed in us, and we look forward to continuing our work with both public and private entities in the UAE and regionally, providing diverse products and solutions.”

Robert Bosch Middle East is not only the first company in the area to be certified with this standard, but also the first German company in the world. The leading global supplier of technology and services has its regional headquarters in Dubai, from where it offers a wide range of high-quality products and solutions to its customers in 14 countries in the Middle East. The company sells automotive parts and equipment, drive & control technology, power tools, thermotechnology, and security systems to a broad customer base in the region.

ISO 37001:2016 is based on internationally recognized good practices and it specifies the requirements and provides guidance for establishing, implementing, maintaining, reviewing and improving an anti-bribery management system and all related policies, procedures and compliance documents.

TASNEEF-RINA Business Assurance is leader in the certification of management systems that can serve the vision of the UAE and the company reports that significant interest is being shown also in the region and it is anticipated that other companies will be gaining compliance, as they realise that ISO 37001:2016 is becoming a prerequisite to doing business in the UAE, together with other standards relating to corporate social responsibility and business continuity. On this matter TASNEEF has signed an MOU with the Authority of Securities and Commodities to provide certification and training.

Commenting on the main themes of the “Anti-bribery Management Systems”, H.E. Dr. Obaid Saif Al Zaabi, Acting CEO of Securities and Commodities clarified that: “As part of our efforts to fight bribery and corruption, we have worked closely with TASNEEF to develop governance systems in the following areas: standards for business continuity, standards for social responsibility and standards for anti-bribery and corruption management. We encourage all the government entities and their subsidiaries to be compliant with this standard to be in line with the vision of making UAE the world leader in transparency and corporate governance.” This step strengthens TASNEEF’s primacy in specialized services and RINA’s leading position in the anti-bribery certification sector.

About Robert Bosch Middle East:

Robert Bosch Middle East is a fully-owned subsidiary of Robert Bosch GmbH, which has been operating in the Middle East for over 90 years. Robert Bosch Middle East sells automotive parts and equipment, power tools, thermotechnology, security systems and electric drive & control technology to a broad customer base in the Middle East countries. With a total workforce of more than 100 associates, the Middle East is a key growth region for Bosch. In 2016, the company registered revenues of AED 1.800 billion across 14 markets.

About TASNEEF-RINA Business Assurance:

TASNEEF-RINA Business Assurance is an international certification body based in UAE. It works to guarantee excellence to public and private companies to assure the best performance of their organization through certification of their management systems, products and personnel, according to international and national standards.  

About Securities and Commodities:

Since its inception, the Securities and Commodities Authority has been keen on putting the objectives stated in the Federal Law No. (4) of 2000 into effect by sparing no effort to strengthen the legislative structure through issuing such regulations and instructions that ensure the development of the organizational and supervisory framework of the list joint-stock companies and other companies operating in the securities field. Besides, the Authority has introduced some controls and criteria that would contribute positively to enhancing the investors’ trust in the Authority.