Last year the Law Commission for England and Wales published its report Reforming Bribery. Major reform was proposed including the introduction of a new corporate offence: negligently failing to prevent bribery by an employee or agent. The Government welcomed the Commission's recommendations and yesterday the Ministry of Justice published a draft Bribery Bill including explanatory notes. Interestingly the new corporate offence is described as an example of the Government's policy of promoting good corporate governance.
Thursday, 26 March 2009
UK: England and Wales: draft Bribery Bill published
Last year the Law Commission for England and Wales published its report Reforming Bribery. Major reform was proposed including the introduction of a new corporate offence: negligently failing to prevent bribery by an employee or agent. The Government welcomed the Commission's recommendations and yesterday the Ministry of Justice published a draft Bribery Bill including explanatory notes. Interestingly the new corporate offence is described as an example of the Government's policy of promoting good corporate governance.
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