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Recent legislation creates a new offence of "failure to prevent bribery".
This could cause company directors to land up in court if they have not put adequate procedures in place to prevent bribery in the workplace.
The new legislation received Royal Assent on April 8 2010 and sets out exactly what constitutes a bribe.
It includes penalties of up to ten years’ imprisonment and unlimited fines for those found guilty.
From now on, executives will have to effectively police their own business and hand the company into the authorities if they uncover any malpractice. It is crucial that where allegations of bribery or corruption are made, these are promptly investigated and firm action is taken.
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