Jointly Organised by:

Supported by:

Lunch & Learn: Lessons in anti-corruption compliance

Agenda

11.45 – Registration

12.00pm – A review of recent anti-corruption prosecutions and enforcement actions

12.30pm – Managing anti-corruption compliance in Singapore

1.00pm – Buffet Lunch

Samuel R. SharpeDirector, Partner

Duane Morris & Selvam LLP

Leas BachateneCEO

Ethical Alliance

Wednesday, May 20th 201511.45am – 2.00pmSingapore Cricket Club,Gilmour Room

Managing Anti-Corruption Compliance in SingaporeSpeaker: Leas Bachatene

Chief Executive OfficerEthical Alliance

At ethiXbase we view corporate corruption as a growing threat, and for this reason created the Ethical Alliance, a global community of companies and individuals dedicated to anti-corruption compliance, corporate transparency and ethical business dealings.

The Ethical Alliance helps organisations and professionals mitigate reputational risk, promote knowledge, anti-corruption compliance and ethical business dealings. We help organisations improve relationships and processes with employees, clients, suppliers, partners, shareholders and regulators.

With over 30,000 associate members the Ethical Alliance is a rapidly growing initiative. Membership is open to individuals, organisations, chambers of commerce and industry associations, as well as government bodies.

Ethical Alliance Mission

Transparency International: Singapore

Singapore Rankings

2010: 1st place

2011: 5th place

2012: 5th Place

2013: 5th Place

2014: 7th Place

Singapore’s Corrupt Practices Investigation Bureau

• CPIB received 736 complaints in 2014 – a 7% decrease from 792 complaints in 2013

• The number of cases registered for investigation reached a 30-year low in 2014, with 136 out of the 736 complaints received

• Private sector cases made up 85% of all registered cases for investigation in 2014, while public sector cases made up the remaining 15%

Tightening reins with new reforms• New reforms introduced this year by Prime Minister Lee:

– Review of Prevention of Corruption Act (PCA)– Increased manpower at Corrupt Practices Investigation Bureau (CPIB)– Creation of new corruption reporting centre

• Prime Minister Lee insists stronger enforcement actions are needed to ensure trust in public officials and weed out any form of corruption– Affect assessment of Singapore’s climate for doing business by other countries– 3 factors vital to maintain trust & integrity:

• Exercising strong leadership at all levels• Emphasizing integrity as a value that all must uphold• Strengthening Singapore’s system

How can Singapore enhance and exercise stronger leadership in setting a “tone from the top”?

To align Singapore’s laws with global best practices changes to the existing legislature should include:

Corporate liability

The establishment of compliance

defence

The extra territorial effect of

Singapore’s anti-corruption

laws

Whistleblowing Protections

Recommendations to Strenghthen Singapore Anti-Corruption Compliance Eco-System

• Firms in Singapore need to step up anti-corruption measures and be better informed of corporate anti-corruption initiatives to develop a rigorous approach to compliance.

• Leading firms should export & communicate ethical values and codes of conduct into newer markets.

• Firms should weigh potential cost of losing business against potential cost to reputation should corruption be discovered.

• Organisations, academics and industry groups should collaborate to share best practices

• Culture of proactive sharing can benefit all organisations in this region

• Enact whistleblower protection laws

• Providing monetary rewards for genuine whistleblowers

Is the senior management walking the talk?

Is the business “investigation - ready”?

When did the business last undergo a compliance check?

Are my business partners putting my business at risk?

Four key questions that corporate leaders should ask themselves:

Corruption Risk Exposure

Setting the Tone From the Top: Ethical Alliance Programme

Educate with daily updates and access to educational webcasts

Certify your staff as Ethical Alliance Anti-Bribery & Corruption Specialists

Network with global ethics and compliance professionals from across the world through access to the Ethical Alliance Forum, Job portals

Access Knowledge Base: Regulatory Updates, White papers, analysis…

Staff

Management

Suppliers

Vendors

Partners

Resellers

AgentsVerify and manage who you are doing business with ethixbase risk database

Benchmark how your organisation and partners compare with global best practices

Firms under FCPA investigation

THANK YOU

For more information on the Ethical Alliance and to join as a free associate member please visit:

http://ethixbase.com/ethical-alliance-daily-news/

To download our country focus whitepaper please visit http://ethixbase.com/whitepaper-stamping-out-corruption-in-singapore/

Jointly Organised by:

Supported by:

Lunch & Learn: Lessons in anti-corruption compliance

Agenda

11.45 – Registration

12.00pm – A review of recent anti-corruption prosecutions and enforcement actions

12.30pm – Managing anti-corruption compliance in Singapore

1.00pm – Buffet Lunch

Samuel R. SharpeDirector, Partner

Duane Morris & Selvam LLP

Leas BachateneCEO

Ethical Alliance

Wednesday, May 20th 201511.45am – 2.00pmSingapore Cricket Club,Gilmour Room