Understanding how your bribery compliance program will stand up to regulator scrutiny is critical for every director and senior executive.
Bribery of public officials overseas by Australian companies has long been unlawful. Legislation currently before parliament will now also make it an offence for Australian companies to fail to prevent bribery by their employees, agents and suppliers anywhere in the world. Boards and their senior executive need to consider whether their company’s current anti-bribery regime meets the expectations of regulators.
Understanding how your bribery compliance program will stand up to regulator scrutiny is critical for every Director and senior executive. The Department of Justice has issued guidance on the types of questions they may ask following an exposure. KPMG has simplified these questions to help boards and executives ask powerful questions about their own compliance programs. In our publication Bribery & Corruption – How compliant is your compliance? we outline nine questions that every director and executive should ask and provide a roadmap to compliance.
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