Tenet is well-versed in the intricacies of both the Bribery Act 2010 (the “Act”) and its US counterpart, the Foreign Corrupt Practices Act 1977, having advised several domestic and international organisations in relation to anti-bribery and anti-corruption practices.
The Act creates a corporate offence where a relevant commercial organisation is guilty if a person associated with it bribes another person, intending to obtain or retain business or a business advantage for the organisation.
However, the organisation has a defence where it has in place “adequate procedures” designed to prevent bribery. This is where Tenet can assist.
Our approach is not only to provide training on the law, but also to work within an organisation to understand the risks unique to its’ commercial context and to identify potential conduct which may fall foul of the legislation.
In addition, we undertake a review of policies and procedures, advising on amendments to existing policies to improve their fitness for purpose.
Key to our work is developing a knowledge of our client’s working practices
As with many organisations, they may differ from prescribed policies and procedures. That is a reality for many organisations so management of supply chain risk and the threat of bribery requires a key understanding of the higher risk areas for any client.