IoD Scotland Launches E-Learning Series for Bribery Act Compliance and Improved Sales Opportunities.
The UK Bribery Act came into force on 1st July and increases demands for organisations to have anti-corruption procedures in place. Our new e-learning series will prepare you for the legislation and offer you a distinct advantage when bidding for business from government agencies and prime contractors.
Organisations that are not prepared for the Bribery Act are at a commercial disadvantage and face the risk of record penalties. Here's why.
If bribery occurs among employees, agents or subsidiaries and you're unable to prove that you had implemented anti-corruption procedures, then the penalties could include:
• custodial sentences of up to ten years;
• unlimited fines;
• potential debarment from government contracts in the EU and US;
• denial of insurance cover;
• and, under the Proceeds of Crime Act, confiscation of the entire value of the benefit gained.
The only defence that Directors can make against an allegation is that they had adequate procedures to prevent bribery.
Our e-learning products have been developed in association with e-learning specialists, E-Security Exchange Ltd, and Shepherd and Wedderburn solicitors.
Key benefits of our training include:
• work-based scenarios and interactive exercises enhance training effectiveness;
• units are divided into short segments, therefore minimising disruption to productivity;
• we provide an audit trail of staff training as evidence of compliance that can be shown to clients, insurers and government regulators;
• units are divided into those that will be suitable for line managers and above as well as staff in non-managerial positions to ensure that risk awareness is disseminated throughout the organisation;
• we provide full learning support and a hosted server for your staff to access the material;
• we avoid overwhelming learners with legal technicalities and focus, instead, on the practical ways in which compliant procedures and ethical conduct can be embedded into working practice
To ensure your business is fully prepared, please contact us now on +44 (0)131 557 5488 or send an email to iod.scotland@iod.com.
