Thursday, February 17, 2011 | Posted by: Fiona Cullinan
Categories:
Governance,
Research
| Tags: Board,
governance,
FRC,
FTSE 350,
non-executive director,
women,
gender,
diversity,
remuneration,
UK Corporate Governance Code,
bonuses,
NED,
chairman,
Turnbull
In the fast-changing landscape of UK corporate governance, what are the key recent changes that UK boards need to be aware of?
Wednesday, February 09, 2011 | Posted by: Fiona Cullinan
Categories:
FRC,
Governance,
Risk
| Tags: governance,
risk,
FRC,
compliance,
financial,
annual report,
disclosure,
FRRP,
principal risks,
business review,
reporting,
directors' report
Many companies are not being clear enough when reporting the principal risks and uncertainties facing their business, said a concerned Financial Reporting Review Panel last week. What steps can businesses take to improve compliance?
Monday, February 07, 2011 | Posted by: Grant Thornton
Categories:
Corruption
| Tags: FTSE 350,
Bribery Act,
bribe,
robust internal controls,
associated persons,
adequate procedures
Sterl Greenhalgh, partner and head of Grant Thornton’s anti-corruption group, talks about adequate procedures and how businesses are not struggling to understand what they are, but cites aspects of the legislation such as ‘associated persons’ as areas causing UK business the most problems.
Monday, February 07, 2011 | Posted by: Grant Thornton
Categories:
Corruption
| Tags: Bribery Act,
private banking,
FCPA,
sponsorship,
anti-corruption legislation,
facilitation payments,
grease payments,
Formula 1,
adequate procedures,
Transparency International,
public officials,
business gifts,
financial services,
anti-corruption programs,
corporate hospitality
Christophe Amez, Dow Jones Risk & Compliance, highlights some of the frustrations companies are facing - citing 65% of businesses questioned by Dow Jones, as delaying or abandoning all together new initiatives because of lack of clarity around anti corruption legislation.
Nicola Bonucci, OECD’s director for legal affairs and Sterl Greenhalgh, partner and head of Grant Thornton’s anti-corruption group, address the issues of what constitutes ‘lavish’ corporate hospitality and facilitation payments
Monday, February 07, 2011 | Posted by: Grant Thornton
Categories:
Corruption
| Tags: Bribery Act,
gifts,
OECD,
FCPA,
bribe,
hospitality,
facilitation payments,
anti-bribery,
government officials,
anti-corruption culture
Can British companies complying with the FCPA be in conflict with the UK Bribery Act? David Lorello, partner, Steptoe & Johnson, Nicola Bonucci, OECD’s director for legal affairs and Sterl Greenhalgh, partner and head of Grant Thornton’s anti-corruption group, discuss how companies can reconcile possible conflict.
Monday, February 07, 2011 | Posted by: Grant Thornton
Categories:
Corruption,
Risk
| Tags: Bribery Act,
OECD,
bribe,
final adequate procedures guidance,
facilitation payments,
City of London Police Overseas Corruption Unit,
anti-bribery,
white collar crime,
growth review,
Coalition Government,
Haiti,
facilitation,
overseas embassies,
Anti-corruption
Bribery is more than just a white collar crime. Nicola Bonucci, OECD’s director for legal affairs, explores the public policy issues associated with bribery and emphasises the message that the Bribery Act is good for clean businesses who want to compete on a level playing field.
Sterl Greenhalgh, partner and head of Grant Thornton’s anti-corruption group, picks up on whether UK Government is providing enough support to business.
Monday, February 07, 2011 | Posted by: Grant Thornton
Categories:
Corruption,
Non-executive director,
Risk
| Tags: M&A,
CFO,
due diligence,
Bribery Act,
bribery,
Companies Act,
G20,
non-executive directors,
board of directors,
Proceeds of Crime Act,
corruption risk assessment,
enforcement,
Transparency International,
BAE Systems,
growth review,
infrastructure projects,
risk assessment,
collective action,
World Bank,
Adequate procedures
What guarantee is there that enforcement will be taken seriously? Panel members discuss not only trends in enforcement but the commercial efficiencies of having systems in place to prevent bribery.
