The Government has announced the timetable for the implementation of the new Bribery Act 2010. This will now come in to force in April 2011.A new and controversial offence of “failing to prevent bribery” will be introduced, which will apply to all businesses operating in the UK. This includes partnerships, limited companies and all commercial entities.
The Government will engage in a short consultation exercise in September this year. This will be published in early 2011 to allow businesses time to familiarise themselves with the guidance before the Act commences in April 2011.
Wriiten by Simone Greasley - HR and Recruitment Consultant