UK companies operating in India need to be alert to the risks associated with doing business in rapidly developing markets. A challenge many UK companies are aware of but may be unfamiliar with is dealing with bribery and corruption risks.
Of course, there are numerous simple steps you can take to protect your business and employees. However, for UK companies looking to do business in India or any other international market, it is important to note that UK organisations operating in foreign markets such as India could be liable for prosecution in the UK if they are found to have engaged in corrupt practices, as defined by the UK Bribery Act 2010. The Act has wide reaching implications for companies, necessitating proportionate policies and procedures to prevent bribery, conduct due diligence, carry out risk assessments, and monitor and review the effectiveness of such activities.
At this webinar, Partners from PWC UK and India Will Kenyon and Rahual Lalit gave an overview of the Act and its implications, discussed the general business landscape in India and recent developments, and focused on some of the practical issues of operating in the Indian market, using real examples.
Watch this webinar now for more information.
