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Disclaimer
My views, not Balfour Beatty’s Balfour Beatty supported and participated in the development
- f BS10500
No prior experience of British or International Standards
No prior experience of British or International Standards
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BS 10500 Benefits and Application 22 October 2012 Andrew Hayward, - - PowerPoint PPT Presentation
BS 10500 Benefits and Application 22 October 2012 Andrew Hayward, - - PowerPoint PPT Presentation
BS 10500 Benefits and Application 22 October 2012 Andrew Hayward, Group Head of Ethics and Compliance Disclaimer My views, not Balfour Beattys Balfour Beatty supported and participated in the development of BS10500 No prior
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My role
Head of Ethics and Compliance at Balfour Beatty plc since
April 2009
Implementing a global anti-corruption compliance programme Helping to embed a culture of ethics and integrity Making sure compliance programme includes adequate
procedures to prevent bribery and sets the bar sufficiently high for applicable anti-bribery laws
Making sure third parties operate to similar standards Providing assurance to the Board – and to stakeholders
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Balfour Beatty
Construction Services Professional Services – Parsons Brinckerhoff Support Services Infrastructure Investments Infrastructure Investments 55,000 employees 100 countries, but primarily UK, US and Australia (plus EU,
South East Asia and UAE)
2011 revenue £11 billion, order book £15 billion
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Top Level Commitment
- Board responsibility for the programme
- Designated senior manager responsible
EFFECTIVE IM
Risk Assessment
- Enterprise-wide risks
- Sector and market risks
- Country risks
- Work-type and project-specific risks
- Third parties: Intermediaries, partners, others
Clear Policies
- Anti-corruption code
- Gifts and hospitality policy
- Political and charitable support
- Other high risk areas
Communications and Training Internal communication
IMPLEMENTATION
Communications and Training
- Internal communication
- Education, training and awareness
- “Whistle-blowing” channels
- External communication (business partners, supply chain and other stakeholders)
Procedures and Controls
- Employment procedures
- Decision-making processes
- Financial and commercial controls
- Anti-corruption contract terms
- Supply chain assurance procedures
- Due diligence
Monitoring, Enforcement and Review
- Detection and testing procedures (incl. Auditing and Monitoring)
- Investigation and corrective action
- Measurement and reporting
- Keeping records
- Continual improvement
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Potential Benefits of BS10500
Like any quality management system Understanding what a best practice, scalable anti-bribery management
system (ABMS) looks like and how to implement
Assessing whether your ABMS has been implemented and whether you
can demonstrate as much
If independently certified, demonstrating to clients, partners and other
stakeholders that you have implemented an ABMS and are committed to preventing bribery
The credibility of an internationally respected standard Helping to manage third party risks by providing an equivalent level of
assurance about your supply chain and partners
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Third party risks
Legal and/or reputational liability for acts of third parties Agents, consultants, partners, suppliers and sub-contractors Safety, human rights, sustainable sourcing, bribery etc. Do they appear ethical? Do they have a good reputation? Do they appear ethical? Do they have a good reputation? Can we trust them? Do they have systems and procedures that:
Make bribery less likely Testify to their commitment to prevent bribery?
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What BS10550 Certification Does Not Provide
An “adequate procedures” defence Assurance that your ABMS is effective It’s not designed to do that But: Credibility and rigour of the certifier provides weight to the But: Credibility and rigour of the certifier provides weight to the
assessment
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