WiredGov Newswire (news from other organisations)
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CBI COMMENTS ON BRIBERY ACT GUIDANCE
Katja Hall, CBI Chief Policy Director, said:
“We strongly support the principles behind the Bribery Act and welcome this much-improved final guidance.
“The Government has listened to concerns that honest companies could have been unwittingly caught out by poorly-drafted legislation and has clarified a number of important areas. These include the extent of liability through the supply chain, joint ventures, due diligence and corporate hospitality.
“Businesses now need to use the next three months to revise their anti-bribery policies ready for the Act’s implementation. Meanwhile, the Serious Fraud Office must take a common-sense approach to enforcement, ensuring it is reasonable and risk-based. This will help avoid creating a culture of fear that could undermine UK competitiveness.”
Notes to Editors: