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United Kingdom - October 16 2012
In the UK, on 9 October 2012, the Serious Fraud Office issued revised statements of policy in relation to, among other matters, how facilitation payments, business hospitality and similar are to be treated for the purposes of the UK Bribery Act 2010.
Global - October 9 2012
Transparency International, the global anti-corruption organisation, has published its annual report on enforcement of the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, entitled Exporting Corruption? Country Enforcement of the OECD Anti-Bribery Convention, Progress Report 2012.
European Union - October 9 2012
Also on the topic of women in the workplace, and as mentioned recently in our weekly client update, new laws look likely to be proposed shortly at EU level which would require Europe’s listed companies to ensure that by 2020 at least 40% of non-executive board positions are filled by women.
United Kingdom - October 9 2012
As we have previously reported, the Financial Reporting Council (FRC) in the UK is making a number of amendments to the UK Corporate Governance Code (the Code) and also to its related Guidance on Audit Committees.
