Bribery and corruption are serious issues that require an expert hand to navigate through what is a highly complex legal minefield.
Any business owner who is poorly prepared on this front, runs the risk of being liable for failing to prevent someone committing bribery within their firm.
The law on bribery states that it is illegal to ‘offer, promise, give, request, agree, receive or accept bribes’. So, you need to ensure that your company’s anti-bribery policy is up-to-date and appropriate – and that staff all know about and understand it.
A good bribery policy should include:
- Your company’s approach to controlling and reducing the risks of bribery
- Rules about accepting gifts, hospitality and donations
- Guidance on how to conduct business (such as when negotiating a contract)
- Rules on preventing any conflicts of interest
If the worst should happen, but you have a robust anti-bribery and corruption policy in place, it’s likely that your lawyer will be able to defend your company fully. They will aim to avoid you having to pay any financial penalties and will work to limit damage to your company’s reputation – and share price – during what can be a distressing and disruptive time.
This complex area of law is one where the corporate crime team at Edward Hayes can advise you on how to improve and review procedures that cover bribery and corruption, so that you can avoid such crimes from being committed in the first place. They are also experts in dealing with cartels, insider trading, tax investigations, money laundering and related matters. Approachable, professional, and with an impressive track record, you can be assured of a personal, first-class service from the best in the business.
To find out more about how Edward Hayes can help with all matters relating to bribery and corruption, please call 01243 781431 for the Chichester office or 020 7353 0011 for London. Alternatively, please visit the Edward Hayes contact page for details of other premises around the country.