The Bribery Act 2010 came into force on 1 July 2011 in the United Kingdom. The Act reforms the previous criminal law to provide a new and comprehensive scheme of bribery offenses to enable courts and prosecutors to respond more effectively to bribery, wherever it occurs in the world.
The Act defines bribery as giving or receiving a financial or another advantage in connection with the “improper performance” of a position of trust, or a function that is expected to be performed impartially or in good faith.
In accordance with the Act, The Organisers operate on the basis of the below policies which set out our responsibilities, and of those working for us, in observing and upholding our position on bribery and corruption:
1. The Organisers commitment to a culture of zero tolerance towards bribery or corruption.
2. The Organisers will apply due diligence when entering into relationships or markets with a risk of bribery.
3. The Organisers will adopt proportionate procedures to the risk faced.
4. The Organisers commit to continually review and update the policy as the company grows and the risks change over time.