Industry welcomes Bribery Act example cases

Industry figures have welcomed law firms’ practical examples of how companies can fall foul off the Bribery Act.

Industry welcomes Bribery Act example cases
Industry welcomes Bribery Act example cases

BSI, which is planning to release a white paper about the Act later this month, told C&IT that there was caution in the industry when the Act was first announced.

"As ever it really is just common sense, although there was some initial panic when the Act was first announced," said BSI’s director of business development Paul Hussey. "We welcome legal companies’ attempts to clarify the Act so business won’t be affected but our own guidelines should be of great use."

Eventia’s regulation committee has prepared guidelines on the Bribery Act – with legal firm Olswang’s head of the financial services regulatory group Brian McDonnell – which will be published in the next two weeks.

Speaking at Eventia’s AGM on 8 June, Air Partner’s business development manager Mark Sale said: "There is a lot of concern out there about the Bribery Act, but I don’t think there is as much to worry about as we may have first believed."

Meanwhile legal company Blake Lapthorn has published advice for businesses.

"If a software company is in negotiations with a marketing company based in the US and offers to pay for a director of the marketing company and his family to visit New York for a week in a five star hotel with all travel and meals with a number of meetings with other directors. This could possibly be risky.

"While there is a legitimate business purpose, the hospitality offered is excessive in comparison to the main business purpose as it extends to family and to all travel and meals. It is also taking place at a time when contract negotiations are ongoing and therefore could be intended to persuade the company to enter into the contract, even if it is not in the best interests."

Green Ant Event’s director Joe Blackman agreed that the industry has calmed down on the subject after government guidance, but stressed that the most important thing is for companies is to have a formal policy in place.

"A company taking, for example, an Olympic committee member and his family to New York with five-star hotels and lavish meals could be excessive, especially if contract negotiations are underway and it might be seen to get in the way of fair tendering," he added.

Recently, fears were expressed that the Act could offend some global business cultures.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in

Freeman APAC appoints new head of creative services

Freeman APAC appoints new head of creative services

The award-winning creative will lead the agency’s experiential campaigns for the Asia Pacific region.

5 bad leadership habits to avoid when managing a team remotely

5 bad leadership habits to avoid when managing a team remotely

Don't let certain behaviours slip into your leadership style unchecked, says CEO of Authentic Change Solutions.

How to take your events outdoors

How to take your events outdoors

MD of Gazeboshop explains how to make the most of outdoor facilities and comply with social distancing.

LIVE UPDATES: Norway allows business travellers from Nordic neighbours

LIVE UPDATES: Norway allows business travellers from Nordic neighbours

Find out which countries are on partial or national lockdown, what travel restrictions are in place and what size gatherings are allowed.

How coronavirus will affect financing in the hospitality sector

How coronavirus will affect financing in the hospitality sector

The best course of action for any borrower is to find out what flexibility there is, says legal expert James Stripe.

RSVP podcast Ep1: Accidental nudity, selfish people and lullabies from Adele

RSVP podcast Ep1: Accidental nudity, selfish people and lullabies from Adele

Guests reveal their best experiences and react to anonymous industry confessions in our first-ever podcast for event and travel professionals.

Why Copenhagen is the perfect destination post-pandemic

Denmark's capital is walkable, clean, sustainable – and most importantly, happy

Can biosecurity teams save events?

Can biosecurity teams save events?

The industry will need a range of biosecurity measures if physical events are to return soon, says Smyle's Matt Holliday.

'We miss exhausted grins, red-eye flights and bad coffee': 15 love letters to events

'We miss exhausted grins, red-eye flights and bad coffee': 15 love letters to events

Industry insiders share what they miss most about live events while they are stuck at home.

Hong Kong Convention Centre holds first event since lockdown

Hong Kong Convention Centre holds first event since lockdown

The venue put stringent hygiene measures and body temperature screening in place to hold a three-day exhibition.