Legal
UK Weighs US-Style Anti-Corruption Regime For Companies' Senior Executives

The so-called “call for evidence” runs through to 24 March 2017.
The UK is reportedly contemplating introducing a
US-style anti-corruption regime for multinational companies
and their senior executives by rendering them accountable for
failing to prevent the economic crimes of staff and agents.
Last week, ministers unveiled a range of proposals aimed
at clamping down on corporate fraud, money laundering and
false accounting as part of a consultation on how to repair the
public's trust in businesses while improving liability in an age
where companies pay billions of dollars in fines for
misconduct.
"Corporate economic crime undermines confidence in business,
distorts markets, and erodes trust," the justice minister, Oliver
Heald, reportedly said. "Companies must be held to account for
the criminal activity that takes place within them.”
The so-called “call for evidence” runs through to 24 March 2017
and seeks views on suggestions that include implementing US-style
“vicarious liability”, which makes companies guilty through the
unlawful actions of their staff.
Much political debate over the last two years has been centred on
broadening a section of the UK Bribery Act that criminalises a
firm's failure to establish adequate compliance systems for staff
and agents.