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Business News - August 2010

Corporate Hospitality and the Bribery Act

The new Bribery Act, which is due to come into force later this year, will bring new risks and ethical issues for companies. For example, it will be an offence to give foreign public officials a bribe or other advantage in order to obtain or retain business.

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Fraud soars to record high

£1 billion was lost through fraud in the first half of this year according to accountancy firm BDO, with the average fraud valued at £6 million. This is the first time in the seven years that BDO has been monitoring fraud levels that the billion pound barrier has been breached.

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Employers' health questions require thorough checkup

Employers need to review their pre-employment questionnaires in order to remove any sections on health that are not job specific or otherwise exempt before the Equality Act comes into force in October.

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