Bribery Act

are you compliant?

The new Bribery Act 2011 came into force on 1 July 2011. To be fully compliant, companies must be pro-active in identifying and managing the risk of corruption in their business.

Under the Act, bribery is defined widely. It can include:

  • corporate hospitality where this is lavish and disproportionate
  • bribery committed by overseas associates
  • facilitation (or ‘grease’) payments made to foreign government officials to speed up customs clearance or similar processes. 

Companies will commit a new offence of ‘failing to prevent bribery’ if any employee or associate commits bribery with the intention of gaining a business advantage for the company, and the company failed to put ‘adequate procedures’ in place to prevent it. It does not matter if the company knew nothing about the bribery– the emphasis is on the procedures the company has in place, rather than its awareness of what was going on.

In response to highly positive feedback from the two half-day seminars we organized in July, and in response to continuing member demand, we are delighted to have been able to arrange a third event in Birmingham. We have invited The Head of the UK Corporate Defence Practice at Squire Sanders Hammonds, a leading international law firm, to help members understand the scope of the Act and its practical implications. We are also delighted to confirm that a senior member of the compliance team at Siemens Plc will be presenting a corporate perspective on compliance with the Act.

Who Should Attend?

  • Individuals responsible for compliance
  • Board Directors
  • Managing Directors
  • and CEOs

Why Attend?

Attendees will gain an understanding of:

  • The scope of the Bribery Act, including how it goes further than US legislation 
  • The practical impact of the Act and the Guidance – including the impact on overseas activities, corporate hospitality and third party agents 
  • How to identify the bribery risks in your business and assess the level of risk
  • What sort of procedures you can put in place to prevent bribery
  • What your board needs to know

Materials including:

  • Summary of the key provisions of the Bribery Act
  • Chart showing you the differences between the UK legislation and the US Foreign Corrupt Practices legislation
  • Risk Assessment Tool designed by Squire Sanders Hammonds to help demonstrate that you are taking adequate steps to identify and prevent bribery in your business

Delegates will also received discounted access to a full compliance kit produced by Squire Sanders Hammonds, including an anti-bribery policy, a presentation to the board, a statement of intent to post on your web-site, an agents due diligence checklist and example clauses for third party agent contracts etc.

Programme

10.45-11.00 Registration and coffee

11.00-11.15 Welcome, EEF

  • Why the Bribery Act matters to our members

11.15-12.00 A Company’s Perspective – Owen Watkins, Regional Compliance Manager, Siemens plc

  • What are the consequences if corruption is alleged in your business? 
  • How can a business ensure compliance with its anti-corruption stance?

12.00-12.45 Overview of the Bribery Act - Rob Elvin, Partner and Head of the Corporate Defence Practice, Squire Sanders Hammonds

  • What are the key points?
  • What does your board need to know?

12.45-13.30 Lunch

13.30-14.30 Practical implications of complying with the Bribery Act and Government Guidance – Rob Elvin, Partner and Head of the UK Corporate Defence Practice, Squire Sanders Hammonds

  • Overseas business activities – how are they affected?
  • The UK ‘zero-tolerance’ approach to facilitation payments – how to deal with this in practice?
  • Third party agents – what can and should you do to reduce the corruption risks?
  • Corporate hospitality – what are the risky situations? What should be the norms?

14.30-15.30 Risk Assessment workshop, Squire Sanders Hammonds

  • Carrying out a risk assessment is a necessary part of an adequate process to prevent bribery. This workshop will equip you to complete that essential step.

15.30 End of seminar

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