Ethics - Gifts and Bribery Flashcards

1
Q

What is the key legislation to consider regarding gifts and bribery?

A

The key legislation to consider is the Bribery Act 2010

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2
Q

What are the SIX principles of the Bribery Act 2010?

A

The SIX principles are:

  1. Proportionality
  2. Top level commitment
  3. Risk assessment
  4. Due diligence
  5. Communication
  6. Monitoring and review
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3
Q

What are the FOUR offences under the Bribery Act 2010?

A

The FOUR offences are:

  1. Bribing
  2. Receiving a bribe
  3. Bribing a foreign public official; and
  4. Failing to prevent bribery
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4
Q

What must companies do to meet criteria to prove they have taken steps to prevent bribery?

A

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

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5
Q

What is the maximum penalty for breaching the Bribery Act?

A

10 years imprisonment and/or an unlimited fine for individuals.

Companies face an unlimited fine.

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