Ethics - Gifts and Bribery Flashcards
What is the key legislation to consider regarding gifts and bribery?
The key legislation to consider is the Bribery Act 2010
What are the SIX principles of the Bribery Act 2010?
The SIX principles are:
- Proportionality
- Top level commitment
- Risk assessment
- Due diligence
- Communication
- Monitoring and review
What are the FOUR offences under the Bribery Act 2010?
The FOUR offences are:
- Bribing
- Receiving a bribe
- Bribing a foreign public official; and
- Failing to prevent bribery
What must companies do to meet criteria to prove they have taken steps to prevent bribery?
Under the guidance, companies must meet criteria to prove they have taken steps to prevent bribery to include the identification of potential risks, staff training, provision of clear policies and regular reviews
What is the maximum penalty for breaching the Bribery Act?
10 years imprisonment and/or an unlimited fine for individuals.
Companies face an unlimited fine.