It is hard to think of a piece of legislation in recent times that has caused as much interest and consternation, among the business community, as the Bribery Act 2010...
The Bribery Act 2010: wholesale behavioural change, says Robert Amaee
It is hard to think of a piece of legislation in recent times that has caused as much interest and consternation, among the business community, as the Bribery Act 2010 (the Act), which is expected to come into force in the early part of 2011. Much of the coverage and commentary though has to date focused on the risks associated with the provision of gifts and corporate hospitality and the making of facilitation payments. These topics, while clearly of importance, are in my view the least of the concerns arising from the Act for many boards of directors.
Hospitality
Corporate hospitality, as the Attorney General Dominic Grieve QC made clear in a speech in September, is largely a matter of simple common sense. He used the example of a company flying a foreign official in economy class to see its facilities, providing food and
