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Deloitte comments on the impact the Bribery Act guidelines will have on the hospitality and leisure sector
Peter Maher, partner in Deloitte’s Forensic & Dispute Services team comments on the Bribery Act guidelines and the implications for the hospitality and leisure sector:
“It is an opportune time for companies in the hospitality and leisure industry to review their anti-bribery and corruption programs. In particular companies who are expanding into or already have existing operations in developing countries. Examples of some of the attendant risks include obtaining government permits and licences, construction projects and visibility over the activities of joint venture and other business partners. In view of the guidance’s emphasis on the proportionality of anti-corruption procedures, high risk environments obviously call for a higher level of scrutiny.
“This combination certainly makes for a ‘hot’ regulatory environment.”
Notes to Editors
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities.
Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.
The information contained in this press release is correct at the time of going to press.
Member of Deloitte Touche Tohmatsu Limited.