The London office of the International Chamber of Commerce (ICC) has welcomed the publication today of statutory guidance to accompany the Bribery Act, but has stressed that the Government must do more to combat the solicitation of bribes overseas.
The ICC’s UK Director, Stephen Pattison, said:
“We’ve been well aware of business concerns about the workability of the Bribery Act. The publication of guidance today, following consultation with business, is a welcome step in providing greater certainty for businesses operating internationally.”
“This additional clarity is particularly welcome in important areas such as corporate hospitality and the treatment of joint ventures.”
But the ICC—which represents companies in over 80 countries worldwide—has called for the Government to do more to combat the solicitation of bribes from UK companies operating overseas.
Mr Pattison added:
“The Act places the onus on business not to pay bribes. But more must be done by Government to stamp out solicitation and extortion in overseas markets. We think there is a great opportunity for the UK to take a lead in this area through diplomatic channels.”
“As ICC, we will be using our international network to promote understanding of the implications of the Act amongst foreign business.”
Notes to editors:
1. The International Chamber of Commerce (ICC) is the largest, most representative business organisation in the world. As a global organisation, we work to further international trade by promoting open markets, sensible regulation and the rule of law.
2. In the UK, ICC’s London office provides business views to UK policy-makers and regulators on a range of issues ranging from corporate responsibility to taxation. Members in the UK include 17 of the top 20 FTSE companies, many smaller firms, law firms and business associations.
3. For media enquiries, please contact Andrew Wilson on: +44 (0)20 7838 7458 or +44 (0)7860 560 330.
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