BS 10500 – Benefits and Application 22 October 2012 Andrew Hayward, Group Head of Ethics and Compliance
Disclaimer � My views, not Balfour Beatty’s � Balfour Beatty supported and participated in the development of BS10500 � No prior experience of British or International Standards No prior experience of British or International Standards 2
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
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
Top Level Commitment Board responsibility for the programme � Designated senior manager responsible � Risk Assessment Enterprise-wide risks � Sector and market risks � Country risks � Work-type and project-specific risks � Third parties: Intermediaries, partners, others � EFFECTIVE IM Clear Policies Anti-corruption code � Gifts and hospitality policy � Political and charitable support � Other high risk areas � IMPLEMENTATION Communications and Training Communications and Training Internal communication 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 �
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 6
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? 7
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 8
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