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Get serious about corruption: is your organisation ready?
27 July 2010
The risk of serious damage to businesses as a result of corruption has increased significantly
Globalisation has not only opened up opportunities for businesses but also exposed them to greater risks of corruption, whether due to the range of countries or market sectors they are operating in or third parties and agents they work with. In addition, emerging market organisations investing or operating in the UK may bring their businesses practices with them.
There has been a dramatic increase in the number of corporate bribery and corruption investigations involving high profile companies recently.
One thing is clear: The Bribery Act 2010 means that the UK business community will now be forced to take anti-corruption measures very seriously.
The key issues
- What is a “bribe”?
- International jurisdiction
- Criminal offence and liability of directors and senior officers
- Statutory defence
- Public procurement implications
Prepare for the new Act: How Nabarro can help
The Serious Fraud Office, the main agency charged with enforcement of the Act when it comes into force, will be looking for evidence that anti-corruption procedures have been implemented within an organisation. Companies must not simply pay lip service to the requirements and will need to ensure that they have adequate procedures in place.
- We are offering a limited number of free one hour consultation sessions to help you identify key risks and areas of focus for your particular organisation.
- Click to request a free one hour consultation.
- We can provide you with practical advice and supporting documentation to enable you to perform an anti-corruption risk assessment, develop the required policies and procedures and promote an anti-corruption culture within your organisation.
- We can design an anti-corruption programme for your business, including bespoke training, to embed a robust and sustainable anti-corruption culture in your organisation.
Advice and support
We have produced a brief overview of key points of the Bribery Act 2010 which you can download.
If you would like to download a free copy of our reference guide, 'Anti-corruption: a practical guide for business' please click the link.
Alternatively, please talk to your usual Nabarro contact or one of our anti-corruption specialists direct on:
Caroline Newsholme, Corporate Partner
T +44 (0)20 7524 6686
c.newsholme@nabarro.com
James Hartley, Dispute Resolution Partner
T +44 (0)114 279 4111
j.hartley@nabarro.com
