MAS-WM event to host Bribery Act event
The West Midlands’ division of the Manufacturing Advisory Service (MAS) is warning manufacturers to be aware of how the Bribery Act will affect their business. MAS-WM will present a workshop this week aimed at preparing manufacturers about the legislation which will influence the way large and small businesses trade.
Manufacturers could be hit by unlimited fines, imprisonment and irreversible reputational damage, said MAS-WM.
Delivered by law firm Squire Sanders Hammonds, the interactive workshop will take place on Wednesday (16 February) and will look at the key legal changes set to be introduced by the act.
It will focus on the practical steps that manufacturers should take to minimise risk, ensure compliance and deal with suspected non-compliance.
MAS Auto’s Rachel Eade said: “There is a real lack of understanding from industry when it comes to the Bribery Act and this could end up costing them financially in the long term.
“It is a very complex subject, which is why we’ve enlisted the support of Squire Sanders Hammonds to provide companies with an instant guide to what it means, the implications and what they can do to avoid falling foul of legislation.”
The free event will take place at the law firm’s Birmingham offices and will ask manufacturers to review their internal procedures, implement or modify anti-bribery policy and train their key staff on compliance issues.
