Thursday 31 Mar 2011 @ 10:41
WiredGov Newswire (news from other organisations)
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CBI COMMENTS ON BRIBERY ACT GUIDANCE

The CBI yesterday commented on the launch of guidance to accompany the Bribery Act.

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:

The CBI is the UK's leading business organisation, speaking for some 240,000 businesses that together employ around a third of the private sector workforce. With offices across the UK as well as representation in Brussels, Washington, Beijing and Delhi the CBI communicates the British business voice around the world
Media Contact:
CBI Press Office on 020 7395 8239 or out of hours pager on 07623 977 854.

 

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