Many small and medium sized construction companies have not prepared for the Bribery Act which comes into force on July 1, Building reported.
A survey by law firm Russell Jones & Walker revealed that 22% of businesses have no plans to implement procedures to take account of the act and while 29% of businesses had put in an place anti-bribery policy only 16% were providing anti-bribery training.
But on the issue of corporate hospitality respondents indicated that the act would cause them to change their policies, with 47% saying they were reviewing their approach to major corporate events where hospitality is routinely offered – specifically MIPIM and EXPO.
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