Digital Advanced Control Ltd (DAC) has become the first company in the UK to achieve independent assessment to the new anti-bribery management standard BS 10500 by BSI, the business standards company.
BS 10500 specifies the requirements for an anti-bribery management system and was developed in response to the UK Bribery Act 2010. The standard was created to help organizations turn the legal requirements of the act into practical measures.
Daventry based SME DAC, a leading supplier of electronic control equipment for lifts and escalators, recognizes the importance of certification to management system standards as a way of underpinning its growth ambitions.
Certification to BS 10500 provides a clear demonstration of compliance with the UK Bribery Act 2010, which was a key catalyst for DAC in seeking certification to BS 10500. It also supports DAC’s anti-bribery stance, which ensures that as far as is within its control that the company, its employees, representatives and any third party are not involved in any cash or non-cash advantages or facilitation payments with either suppliers or clients.
In order to achieve BS 10500 DAC adopted a series of management measures, including strengthening and communicating its anti-bribery policy, briefing and training employees, undertaking risk assessment and due diligence, controlling gifts and hospitality, implementing effective commercial and financial controls, and instituting reporting and investigation procedures. Implementation has resulted in increased confidence from customers that they are dealing with an ethical, well-governed supplier and acts as a deterrent for employees and suppliers.
DAC’s co-founder and Technical Director, Yan Phoenix, comments: “We believe in the future growth of the company and we need certification to management standards to demonstrate our commitment to high quality manufacturing that is safe and environmentally aware. It’s so easy for us to say it, but now we can actually prove it. As the first in our industry we’re enjoying this advantage.”
Howard Kerr, Chief Executive of BSI said: “We are pleased to certify DAC as the first company in the UK to achieve BSI certification to BS 10500. Having an effective anti-bribery policy in place is not just good business practice but it also ensures increased stakeholder confidence and transparency.
“Many organizations continue to fail to do enough to prevent bribery and do not fully understand the implications. This certification scheme helps organizations to demonstrate best practice in anti-bribery and reassure stakeholders that effective measures are in place to comply to the anti-bribery management standard.”