slide1
Download
Skip this Video
Download Presentation
What are Adequate Procedures ? ACFE March 1st 2011 Robert Barrington

Loading in 2 Seconds...

play fullscreen
1 / 23

What are Adequate Procedures ? ACFE March 1st 2011 Robert Barrington - PowerPoint PPT Presentation


  • 105 Views
  • Uploaded on

What are Adequate Procedures ? ACFE March 1st 2011 Robert Barrington Director of External Affairs, Transparency International UK. Key features of the UK Bribery Act. Result of external pressure on UK government ‘ By no means stricter than …other OECD member states’ Extra-territorial

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' What are Adequate Procedures ? ACFE March 1st 2011 Robert Barrington' - walker


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1
What are Adequate Procedures?

ACFE

March 1st 2011

Robert Barrington

Director of External Affairs, Transparency International UK

key features of the uk bribery act
Key features of the UK Bribery Act
  • Result of external pressure on UK government
  • ‘By no means stricter than …other OECD member states’
  • Extra-territorial
  • Corporate liability
adequate procedures
Adequate Procedures
  • A legal defence for ‘failure to prevent bribery’ [Bribery Act, section 7]
  • Outlined in UK Government Guidance
  • Not a defence for a company that has knowingly paid a bribe
six principles
Six Principles
  • Tone from the Top
  • Risk assessment
  • Detailed Policies & Procedures
  • Implementation
  • Due diligence
  • Monitoring & Review
corruption perceptions index1
Corruption Perceptions Index
  • Ranks countries 1-180
  • Scores countries 0-10
  • Measures perceptions of public sector corruption
  • 133 countries score less than 5 out of 10
  • 2010 best performers: NZ, Denmark, Singapore, Finland, Sweden
  • 2010 worst performers: Somalia, Myanmar, Afghanistan
  • Undertaken annually
slide10

Bribe Payers Index 2008

Country’s companies least likely to pay bribes

  • 22 countries ranked representing 75% of global exports of goods and services and outflows of foreign direct investment in 2006.
  • Based on responses of 2,742 senior business executives from companies in 26 developed and developing countries, chosen by the volume of imports and inflows of foreign direct investment.
  • Conducted every two years

Country’s companies most likely to pay bribes

bribe payers index high risk sectors
Bribe Payers Index: high-risk sectors

Bribery of Public Officials by Sectors 2008

  • Worst performers
    • Public works contracts & construction 5.2
    • Real estate & property development 5.7
    • Oil & gas 5.9
    • Heavy manufacturing 6.0
    • Mining 6.0
  • Best performers
    • Banking & finance 7.1
    • Fisheries 7.1

likelihood of companies in each sector to bribe public officials [possible scores range from 0 to 10. 0 represents the view that ‘bribes are almost always paid’ and 10 that ‘bribes are never paid’ by a sector] – extract below of best and worst performers. Source? TI Bribe Payers Index 2008

global corruption barometer
Global Corruption Barometer
  • Citizen’s view of corruption in their own countries
  • Opinion survey of 77,000 citizens conducted in c.75 countries
  • Every two years
slide14
Perceptions and reality: CPI vs GCB?[source: Corruption Perceptions Index & Global Corruption Barometer 2010]
other risk areas
Other risk areas
  • Country risk
  • Sectoral risk
  • Transaction risk – eg licences, permits, procurement
  • Opportunity risk – eg high-value contracts
  • Partnership risk – eg joint ventures, local agents
business principles for countering bribery
Business Principles for Countering Bribery
  • High-level principles
  • Developed by TI
  • Multi-stakeholder process
  • Similar to PACI and ICC
20 point abc checklist
20-point ABC checklist
  • Board member’s airport checklist
  • Global comparison score in your sector [Materials]:
      • number of companies reviewed: 46
      • highest score: 45 points; 5 stars
      • lowest score: 0 points; 0 stars
      • median average score: 18
conclusions
Conclusions
  • Don’t pay bribes
  • Tone from the top
    • corporate culture
    • zero tolerance approach
  • Fully analyse and understand the risks
  • Put in place a robust anti-corruption system
  • Don’t rely solely on the government guidance
  • Don’t pay bribes
slide23

Documents and links available at:

www.transparency.org

www.transparency.org.uk

www.adequateprocedures.org.uk

ad