A speech by Greg Medcraft, Chairman, Australian Securities and Investments Commission to an AmCham Business Leaders Lunch, 11 October 2013.
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Now to move on to the main topic for today 鈥� ob体育鈥檚 role in investigating foreign bribery allegations. There has been plenty of media in the past fortnight about this. A lot has been written, much of it has been ill-informed in describing ob体育鈥檚 role. Today I want to set the record straight, I will talk about:
- taking action against public companies responsibility for bribery
- ob体育鈥檚 relations with the Australian Federal Police (AFP)
- the difference between criminal and civil proceedings
- the AWB case
- bribery and directors鈥� duties breaches
- the Centro principles on directors鈥� duties
- our approach to enforcement and surveillance.