Today's guest post is by Alan Field.
The Bribery Act 2010 has been in force for over three years now and a number of prosecutions from the UK’s Serious Fraud Office have started to come through.
Of course, UK businesses working in or with US parties have other similar legislation to consider. While their legislation is arguably not as wide as the Bribery Act, the USA has tougher penalties and enforcement regimes for the areas that are covered.
So, here’s the thing: does your organisation have management systems in place to deal with the implications of the Bribery Act?
This is becoming an ever more important issue for organisations tendering for contracts. For example, the updated Public Contracts Regulations due out later this year may have more emphasis on this.
Saying that you comply with the Bribery Act – like many things – is more than just ticking the box that says ‘Yes’. It is more about being able to show that you have an anti-bribery management system, such as BS 10500, in place and that all your people – from the senior to the junior – understand and live both a legal and ethical approach to business.
And, progressively, that is the only approach that blue-chip customers will expect.
To learn more about BS 10500 and anti-bribery management systems, take a look at the following two pages: