TITLE

Straight Britain

AUTHOR(S)
Allen, Daren
PUB. DATE
February 2005
SOURCE
Lawyer;2/21/2005, Vol. 19 Issue 7, p19
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article stresses that companies need to tighten up their practices to comply with new anti-corruption laws. Current British law on bribery makes it a criminal offence to make a bribe to a public official, a servant of a public body or an agent of those persons While it may be considered in some parts of the world to be acceptable business practice to "grease the palms" of public officials in order to win contracts, such an act is a criminal offence in Great Britain, even if it is committed overseas. The combination of potential criminal sanctions, and the very real damage that can be caused to a company in terms of reputation and shareholder value, means it is essential that companies analyze their existing contractual arrangements.
ACCESSION #
16314337

 

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics