Corruption Clampdown That Still Leaves Bribery Grey Areas

The Evening Standard (London, England), July 1, 2011 | Go to article overview

Corruption Clampdown That Still Leaves Bribery Grey Areas


Byline: Jeremy Cole

ONE of the toughest anticorruption laws in the world comes into force today in the UK. From now on, you can't use "improper inducements", including cash or corporate hospitality, to persuade others to do something.

If you do, you could end up with 10 years in jail and your company an unlimited fine. Not surprisingly, the Act has received a lot of attention, although not always correctly. Following the initial furore over corporate hospitality, it's clear that taking business contacts to Wimbledon is unlikely to result in prosecution.

But what should spark greater concern are the areas of the Act that are far stricter than previous UK laws or any other bribery legislation elsewhere.

These include the potential for corporates to be criminally liable for failing to prevent bribes being paid not only by their employees but, controversially, by third parties. The Act also creates the offence of being bribed (as well as bribing).

Alarmingly, too, there are grey areas that continue to be debated. Last week, Serious Fraud Office boss Richard Alderman told an audience of private-equity firms they should only invest in "companies that are FCPA [Foreign Corrupt Practices Act] and Bribery Act compliant". This suggests the SFO may be inclined to look closely at the role played by a privateequity backer in a company, which is a more aggressive and perplexing interpretation of the Act than previously expected.

It prompts the question, where is the end if the SFO chooses to go down this route? Could a privateequity company then also be responsible if one of the organisations it owns is accused of breaching the Health and Safety at Work Act? Or the Equality Act? It also remains to be seen where the SFO will draw the line on foreign companies caught by the Act.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Corruption Clampdown That Still Leaves Bribery Grey Areas
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.