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Durham Research Online
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British law on corporate bribery.

Mukwiri, Jonathan (2015) 'British law on corporate bribery.', Journal of financial crime., 22 (1). pp. 16-27.

Abstract

Purpose: – This paper aims to assess the effectiveness of the Bribery Act 2010 in curbing corporate bribery. Design/methodology/approach: – The paper takes a doctrinal focus in assessing UK bribery law using both primary and secondary sources. Findings: – This paper finds that the effectiveness of the Bribery Act 2010 in curbing bribery lies in its approach of changing the basis for corporate criminal liability from focusing on the guilt of personnel within the company to focusing on the quality of the system governing the activities of the company. Companies have to address the risks of bribery or risk facing liability for failure to prevent bribery. With its regulatory approach to corporate liability, coupled with its extraterritorial reach, the Bribery Act is likely to change business cultures that facilitate bribery, thereby proving an effective law to corporate bribes. Originality/value: – This paper highlights the deficiency of earlier laws in tackling corporate bribery, examines the crime of bribery from a company law perspective and argues that the regulatory strategy in the Bribery Act is likely to be an effective tool against bribery.

Item Type:Article
Keywords:Corruption, Commercial fraud, Corporate bribery, Corporate crimes
Full text:(AM) Accepted Manuscript
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Status:Peer-reviewed
Publisher Web site:http://dx.doi.org/10.1108/JFC-12-2013-0072
Publisher statement:This article is © Emerald Group Publishing and permission has been granted for this version to appear here http://dx.doi.org/10.1108/JFC-12-2013-0072. Emerald does not grant permission for this article to be further copied/distributed or hosted elsewhere without the express permission from Emerald Group Publishing Limited.
Record Created:20 Jan 2015 10:50
Last Modified:22 Jan 2015 10:55

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