Most directors will be aware of the UK Bribery Act and what is involved in managing the risk of anti-bribery and corruption (AB&C). Mark Townsley, regulatory affairs manager at Huntswood, ask is your firm doing enough in a changeable regulatory climate?
The UK Anti-Corruption Plan puts pressure on UK-based firms to help fight against global corruption and to stamp out bribery. This added responsibility poses significant challenges to UK firms when viewed alongside current compliance demands. A low appetite among firms for doing business in certain jurisdictions due to the AB&C risks present is a potential issue for the world economy. UK firms' response to more stringent regulation and legislation in this area should not be wholesale de-risking, and indeed any move to de-risk should be accompanied by robust reasoning. So with al...
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