When Britain’s Bribery Act went into effect in July 2011, it struck fear into the hearts of businesses and executives with operations in the United Kingdom. Yet more than a year and a half later, it’s yet to deliver a significant scalp.
To date, no companies have been prosecuted, let alone convicted, under the Act. The only successful cases involve two unconnected individuals, convicted of behavior that is a long way from the kind of corruption the Act was supposed to tackle.
