Scottish Business Owner
New Member
This act comes into force today. Quite an important piece of legislation that businesses small and large should really take seriously.
http://www.bbc.co.uk/news/uk-13983256
http://www.bbc.co.uk/news/uk-13983256
Mike Lewis
New Member
Thanks for posting that, .
The article is a little confusing about where the act applies. It says that it targets companies "who make corrupt payments abroad", but the detailed guidance issued by the Ministry of Justice doesn't mention any difference between payments in the UK or abroad (on a quick reading).
Personally, I think this legislation is a good thing. Over the years, I've seen many examples of bribery - large and small. I once confronted an executive withe evidence that his staff were attempting to bribe potential customers, and he shrugged it off as normal business practice.
Mike
The article is a little confusing about where the act applies. It says that it targets companies "who make corrupt payments abroad", but the detailed guidance issued by the Ministry of Justice doesn't mention any difference between payments in the UK or abroad (on a quick reading).
Personally, I think this legislation is a good thing. Over the years, I've seen many examples of bribery - large and small. I once confronted an executive withe evidence that his staff were attempting to bribe potential customers, and he shrugged it off as normal business practice.
Mike
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