Review of Bribery Act would create uncertainty for businesses
The proposed review of the Bribery Act, reported in the Financial Times, will create considerable uncertainty and confusion for businesses. Facilitation payments have always been illegal under UK law, the Bribery Act has not changed the UK’s position on this.
GoodCorporation argues that what would be more useful for businesses is clear guidance from the SFO about the scenarios in which companies will be pursued if facilitation payments have been made.This could be done without undermining the considerable efforts that have been made by many businesses over the last two years to tighten their anti-corruption procedures.
Posted May 2013
Notes to Editors:
- Leo Martin is available for interviews, briefings or written comment
- GoodCorporation works with multinationals, FTSE 100 companies and SEMs to help measure, manage and implement responsible business practices. Our clients include 12 FTSE 100 and 4 CAC40 organisations including GDF-SUEZ, Total SA, Centrica, BG plc, BBC Worldwide, Shire plc, BAE Systems, FTSE4Good, Telefónica and Xstrata.
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Sally McGeachie 020 8877 5300