template

Bribery Act 2010 Memo To Board Of Directors

by
Genie Team
Genie Team
Sep, 28 2022

When to use this template

A memorandum to the board of directors on the Bribery Act 2010, explaining why action is required and what actions should be taken.

Key issues covered in this template

  • Bribery
  • Bribery coverage
  • Bribery offence
  • Compliance officer
  • Conduct due diligence
  • Corporate hospitality and gifts
  • Corruption risk
  • Extensive coverage
  • Facilitation payments
  • High Risk Sectors
  • N/A

What to watch out for

  • The Bribery Act 2010 is a UK law that prohibits bribery and corruption

  • The Act applies to all organisations with a presence in the UK, regardless of size or sector

  • Organisations can be liable for the acts of their employees, agents and contractors

  • The maximum penalty for an offence under the Act is an unlimited fine

  • The Act came into force on 1 July 2011

  • Organisations should have in place adequate procedures to prevent and detect bribery and corruption

  • Organisations should provide training to employees on the Act and related policies

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Used by

Author

Genie Team

Genie Team

@genieteam
Genie AI

The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.

Additional information

Business categories

Business activities

Contract type

Relevant sectors

Other

Relevant company sizes

1 - 3

4 - 19

20 - 49

50 - 249

250 - 999

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes