Describe the following terms: 'Disciplinary Mechanism' under ICSI Anti-Bribery Code
CS Professional · Governance, Risk Management, Compliances and Ethics · PYQS · December 2019
Describe the following terms: 'Disciplinary Mechanism' under ICSI Anti-Bribery Code
Answer & Explanation:
Disciplinary Mechanism: As per clause 9 'Sanctions for Non-compliance' of ICSI Anti Bribery Code any non-compliance of the Code is subject to disciplinary mechanism. The company shall set up disciplinary mechanism as approved by its Board, for non-compliance of any part of t he Corporate Anti- Bribery Code. The disciplinary mechanism shall include: Nature of offence Penalty of the office Competent Authority
Topics: Ethics and Anti-Bribery
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