Bribery Act 2010 Memo To Board Of Directors

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

• 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