30th March 2011
The Ministry of Justice has today issued guidance on the procedures commercial organisations can put in place to prevent persons associated with them from committing bribery, as required under section 9 of the Bribery Act 2010 (“the Act”). The Act will now come into force on 1 July.
The overriding principle in the Guidance is that businesses should adopt procedures that are proportionate to the risks they face given their size, scale and nature of their activities and the circumstances in which they operate. The Guidance also seeks to provide welcome clarification on several issues which had been of particular concern to businesses, including corporate hospitality, gifts and dealing with foreign public officials.
Click here for a link to the Ministry of Justice’s press release, the guidance itself and a quick start guide, outlining the main issues of concern for commercial organisations.
For further information please contact Joseph Kean.
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