Bribery Act will affect two thirds of events industry

A C&IT poll has revealed that 70% of respondents believe the Bribery Act will affect them, with 25% voting that it will have a large effect.

Two-thirds of industry say Bribery Act will affect them
Two-thirds of industry say Bribery Act will affect them

The Bribery Act, which will be the subject of a C&IT analysis piece in February's issue, was passed in April 2010 but will come into force in April 2011.

It is currently subject to a government review, but some law firms are recommending businesses deal with it now.

Companies including Pricewaterhousecoopers and Formula One racing outfit Team Lotus have expressed concerns that the Act could make giving tickets or even Christmas gifts to clients an offence.

Environment minister Lord Henley said that "lavish corporate hospitality" could in some circumstances be tantamount to a bribe.

Currently, the Treasury and Department for Business are investigating ways in which the Act can be amended in any way to make it easier for businesses to cope with the changes.

The Bribery Act poll can be accessed here.

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