A Question To Ponder…
7:30 this morning a phone call from a distraught client. An ex member of staff had agreed to pay the finance director of a decent sized firm £1,000 for ensuring that a £50,000 premium case was renewed. That was about 8 months ago and the individual has been on the phone asking where his cheque is?
So, first things first:
1) The new account exec recognised it as a Bribery Act issue and reported it to the Director of the broking firm (who rang me)
2) The Director knew that it was wrong and had a system in place to prevent the payment being made
So what advice should we have given to the broker concerned?…..let me have your thoughts.
I’ll give you what RWA thinks the answer is in a week or so.