The Boardroom Blog
Tuesday, May 10, 2011 | Posted by: Fiona Cullinan
Categories:
Corruption,
Thought Leadership
| Tags: risk,
due diligence,
Bribery Act,
legislation,
bribery,
anti-corruption,
corruption,
anti-corruption legislation,
assessment
The UK Bribery Act comes into force on 1 July 2011 and in our experience companies underestimate the time required to implement an anti-corruption strategy. So for those who have yet to act, and have less than two months to do so, what do you need to know?
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Friday, May 06, 2011 | Posted by: Fiona Cullinan
Categories:
FRC,
Governance,
Thought Leadership
| Tags: governance,
report,
pensions,
CFO,
FD,
finance director,
Bribery Act,
financial reporting,
guide,
IFRS,
news,
anti-corruption,
UK GAAP,
iXBRL,
regulatory,
auto-enrolment
Are you a finance director? Here’s a quick guide to all the new financial reporting issues and regulatory changes set to impact private and listed companies this year.
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Tuesday, April 05, 2011 | Posted by: Fiona Cullinan
Categories:
FRC,
Governance,
Non-executive director,
Thought Leadership
| Tags: tax,
Board,
governance,
report,
FRC,
pensions,
Bribery Act,
financial reporting,
UK Corporate Governance Code,
guidance,
NEDs,
iXBRL,
NED,
FRRP,
auto-enrolment
What issues will be topical during the current reporting cycle for private and non-listed companies? And what are their wider business concerns? Grant Thornton’s new guide helps non-executive directors (NEDs) understand the issues.
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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.
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Monday, February 07, 2011 | Posted by: Grant Thornton
Categories:
Corruption
| Tags: Bribery Act,
private banking,
FCPA,
sponsorship,
anti-corruption legislation,
grease payments,
facilitation payments,
Formula 1,
adequate procedures,
Transparency International,
public officials,
financial services,
business gifts,
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
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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.
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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,
Anti-corruption,
overseas embassies
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.
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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,
infrastructure projects,
growth review,
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.
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