UK Bribery Act 2010: Corporate Governance and Social Responsibility

Verified

Added on  2023/06/10

|12
|989
|162
Report
AI Summary
This report provides an overview of the UK Bribery Act 2010, outlining its scope and application, particularly focusing on the 'failure to prevent' approach under Section 7. It defines 'associated persons' under the Act and details the potential penalties for bribery convictions. The report assesses a hypothetical scenario, offering advice based on the circumstances. It also touches upon Corporate Social Responsibility (CSR) and its importance in ensuring ethical corporate behavior and compliance. The document concludes by highlighting the significance of CSR in protecting the environment and promoting responsible business practices.
Document Page
Corporate Governance and Corporate
Social Responsibility
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
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
Document Page
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.
Document Page
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.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Explain the ‘failure to prevent’ approach under s 7 of the UKBA and what
defences, if any, apply
There is provided some important areas and the ways in
which all the corporate criminal offences in relation to
failing to prevent in section 7 from Bribery Act 2010 is
been given. It involves all such offences and the issues in
relation to the attaching all such culpability through
which the offences which are drawn and committed will
be undertaken. There is been given that all such areas in
which the corporate criminal liability of section 7 in the
Bribery act 2010 will be drawn. Lee J, 'Exclusivism,
Inclusivism And Pluralism In The UK Bribery Act 2010'
(2019) 12 Journal of International Trade Law and Policy.
Document Page
What is an ‘associated person’ pursuant to the UKBA?
Under the UK Bribery Act 2010 (UKBA), an
'associated person is defined as a person who
conducts or performs services for or on the behalf of
institution or organisation which may include
employees, subsidiaries and agents. He is a person
who does the services for a commercial organisation
with the help of potential associated persons.
Document Page
What are the likely penalties on conviction for bribery?
The UK Bribery Act 2010 is an Act intended to cover the
criminal act relating to bribery which came in force with
effect from date 1 July 2011. It has brought major change in
the UK anti corruption law ,while replacing the previous law
on bribery . This Act deals with the crimes of bribery attempts
to cover all the the major sectors within which transaction is
being made whether private or public , previously the offence
concerning bribe were restricted to transaction involving
public officialdom and their agents. Oh, Taek Rim, 'A
Proposal For Corporate Criminal Liability In Domestic
Bribery Law By Reference To FCPA And UK Bribery Act'
(2019) 62 Korean Lawyers Association Journal.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
PENALTIES ON CONVICTION FOR BRIBERY
Penalties for offence of bribe fall under section 11
of Bribery Act 2010. the penalties mentioned under
this act are of severe nature the extent of maximum
punishment is for the period of 10 years and/or an
unlimited but not excessive fine for individuals .
Document Page
If the above scenario was referred to you for advice, what would be your
assessment of the circumstances and, consequently, your advice?
From this above scenario their can be undertaken
that some of the major penalties can be issued in
order to manage and prevent all such crimes in the
future aspects. And it underwent with all the
features and the management with which there is
been seen that TCG is majorly been involved in
SWM and there is all the m] payments being made
on the monthly instalments with which all the due
nature and the effective working can be aligned.
Document Page
CONCLUSION
From this above report it is summarised that
corporate social responsibility id the incorporated
areas with which all the necessary areas and the
ways with which the protection of the compliance
and the environment is addressed.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Refrences
Hatchard J, 'Combating The Bribery Of Foreign
Public Officials: The Impact Of The UK Bribery Act
2010' (2020) 4 The Law and Development Review
Horder, J., 2019. On Her Majesty's Commercial
Service: Bribery, Public Officials and the UK
Intelligence Services. The Modern Law Review,
74(6), pp.911-931.
Lee J, 'Exclusivism, Inclusivism And Pluralism In
The UK Bribery Act 2010' (2019) 12 Journal of
International Trade Law and Policy
Document Page
Thank you.
chevron_up_icon
1 out of 12
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]