Managers should be personally involved in forming their company codes of conduct, an MoJ consultation paper has stated
Top-level managers should take the lead on efforts to ensure that their companies comply with soon-to-be-introduced anti-bribery legislation.
A consultation paper issued last week by the Ministry of Justice sets out six principles that should underpin businesses’ measures to prevent bribery.
Under the Bribery Act, due to come into force in April, it will be a criminal offence for companies to fail to prevent bribes being carried out on their behalf.
The paper says that top-level managers, including directors and owners, should take the lead in efforts to make bribery unacceptable within their organisations. It says such managers should be personally involved in drawing up their companies’ codes of conduct on tackling bribery.
Last year, the FSA fined Aon £5.25m for failing to ensure that payments to overseas intermediaries were not used to pay bribes.