The Realities of the UK Bribery Act
FTI Consulting - Forensic & Litigation Consulting
28 September 2012
In July 2012, one year after the UK Bribery Act became effective, FTI Consulting conducted a survey of senior and middle managers in large- and medium-sized businesses operating in the UK. We set out to uncover their current attitudes, the compliance steps undertaken or contemplated by their companies and their views on enforcement.
Compliance with global anti-bribery laws is an increasingly important issue for companies against a backdrop of sluggish economic activity, tough competition for market share, rigorous cost management and shrinking budgets for non-revenue generating activities, but increasing public expectations of business ethics and tougher enforcement by regulators. As companies seek growth through expansion into emerging markets they may also face new and different business environments and exposure to increased risk.