Corporate Governance and Corporate Social Responsibility

Corporate Governance and Corporate
Social Responsibility

Table of contents
• INTRODUCTION
• TASK
• Outline the scope and application of the UK Bribery Act 2
010 (UKBA).
• Explain the ‘failure to prevent’ approach under s 7 of the
UKBA and what defences, if any, apply
• What is an ‘associated person’ pursuant to the UKBA?
• What are the likely penalties on conviction for bribery?
• If the above scenario was referred to you for advice, what
would be your assessment of the circumstances
and, consequently, your advice?
• CONCLUSION
• REFERENCES
I

Introduction
Corporate Social responsibility is known as a social
responsibility of the corporate area which scrutinize
the reliability or sustainability of an organisation by
delivering the social, economic and environmental
benefits. It is defined as a responsibility of an
organisation for imbibing the impacts of its
decisions on society through translucent and moral
behaviour, which is beyond its legal obligations.
Corporate Social Responsibility “(CSR)” is a
mandatory duty under corporate law.

Task
Outline the scope and application of
the UK Bribery Act 2010 (UKBA).
The bribery in UK has seen the significant change in
prosecution after the coming up of the bribery Act of
2010. It is a result of the long attempt which has
brought major reforms in the law in respect of
corruption and bribery. This legislation has replaced
the pre-existing law, that is, the common law of the
bribery as well as statutory offence in public bodies
corrupt practices Act of the year 1889. This law has
the main scope which has introduced two kinds of
general offences which includes promising, offering
and giving of the bribe and also requesting or may be
agreeing for accepting or receiving the bribe. Hatchard
J, 'Combating The Bribery Of Foreign Public
Officials: The Impact Of The UK Bribery Act 2010'
(2020) 4 The Law and Development Review.