Blog : BOARD TALK
|Posted on November 13, 2011 at 5:35 AM|
My timing was good. (see last blog post). The UK's professional services firms are coming to the rescue on understanding and complying with the UK's tough Bribery Act.
Listen up, UK commercial organisations doing business in the BRIC countries. PwC has just published a guide providing practical advice - and has done so after working with the UK-India Business Council, the China-Britain Business Council, the Brazilian Chamber of Commerce for Great Britain, and the Russo-British Chamber of Commerce to publish.
'Responding to the UK Bribery Act 2010' aims to raise awareness of the risks of bribery and suggest how commercial organisations can mitigate those risks and protect themselves from the potentially damaging consequences of infringement – not least in reputational terms.
Tony Parton, forensic services partner, PwC cautions: “Simply having an anti-bribery policy is not enough. An organisation needs to ensure it has an anti-bribery compliance programme that provides evidence of ongoing and up-to-date controls. In addition, it must communicate effectively, ensuring a strong ethical culture within an organisation."
Ah, ethics. No one's really interested, but I still think it should be taught in schools.
You can download a copy of the PwC report here.