Bribery and Corruption

The new Bribery Act, once enacted, will bring a new law that will prohibit the offering, requesting or receiving of a bribe, and this will apply internationally when viewed from a commercial angle. In its business plan for 2010/2011 the FSA indicates that it will continue to focus on the areas of bribery and corruption.

MHA offers reviews of anti-bribery and corruption strategies, systems and controls, providing you with a recommended actions report which enables you to benchmark your organisation against emerging best practice. This review is the foundation for any anti-corruption environment.

As a company you could be held liable if you have negligently failed to prevent a bribe being made on behalf of your company, whether by one individual or a colluding number of directors/managers/employees. As such this bit of legislation will have a far greater and wider impact on your organisation than the fairly narrow and prescriptive FCPA in the US.

MHA will focus on the following areas: 

• Does the company evaluate the risk of corruption when doing business?
  
  
• Does the company assess the risk of corruption when dealing with public officials?
  
  
• Does the company evaluate the risk of conflicts of interest in relation to business partners and government officials?
  
  
• An analysis of policies in relation to expenses, gifts, gratuities and procurement.
  
  
• The company’s action plan to address the risk of corruption and to define responsibilities for each task.

For further information on how MHA can help you please contact us on info@mha-consulting.com