On 1st July 2011, The Bribery Act 2010 came into force in the UK. The Act introduced the offence of commercial organisations failing to prevent bribery. The only defence to the offence is to show that “adequate procedures” are in place to prevent bribery.
Although corporate hospitality is unlikely to be considered a bribe in normal circumstances, many companies have introduced procedures preventing staff from accepting such invitations or even a traditional Christmas bottle.
We do not feel that we need to go that far but in order to protect individuals and the company any offer of a gift or hospitality, whether accepted or not must be notified directly to the Managing Director.
It is our policy that all staff notifies the Managing Director with the following information: