Y for "Y" – Why Worry? Is Prosecution Under the Bribery Act a Reality?"Posted in : Essential Guide to Employment Contracts on 29 January 2013
Kiera Lee, writes:
The Act came into force on 1st July 2011. It repeals and consolidates previous legislation and is an attempt to ‘bring about behavioural change within businesses themselves, creating corporate cultures in which no form of corruption is tolerated.’ Jack Straw.
The Act has 4 main offences – to make a bribe, receive a bribe, bribe a foreign official and perhaps most significantly for employers, failure of a commercial organisation to prevent bribery. In essence employers are vicariously liable for the acts of their employees, agents and third parties acting on their behalf. This offence is a new addition to bribery legislation and will have an impact on how
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This article is correct at 06/08/2015
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