Predictions about the Bribery Act have led to some concern among companies unsure about what behaviour could now be considered bribery. The Optical Confederation (OC) believes there is little scope for bribery in optics, but is urging its members to take steps to minimise the risk.
The 2010 Act has been introduced as part of a worldwide drive to eliminate bribery because of its negative impact on fair competition, economic and social development.
The Act seeks to prosecute both those who bribe and those who accept bribes.
The most recent guidance from the UK government has clarified that the law is intended to prevent acts of bribery, not to prohibit normal business practices. The Ministry of Justice has stated that 'bona fide hospitality and promotional, or other business expenditure which seeks to improve the image of a commercial organisation, better to present products and services, or establish cordial relations, is recognised as an established and important part of doing business and it is not the intention of the Act to criminalise such behaviour'. On its website are six principles for bribery prevention.
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