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What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
United Kingdom | Publication | June 2022
Transparency International has published its 2022 Values Added Report, which provides useful pointers on the practical steps companies can take to enhance their ABC frameworks by incorporating a values-based approach.
The Report’s recommendations are consistent with the broader shift away from a purely rules-based compliance approach, towards a model in which employees are empowered to navigate grey ethical areas by reference to corporate values and culture.
This shift reflects what we are seeing from the SFO, FCA and US authorities, which are all placing increasing emphasis on corporate culture and values when evaluating ABC compliance programmes.
The Report sets out the following key steps in implementing a values-based ABC programme.
While values-based ABC programmes are nearly always more effective than purely rules-based programmes, our experience is that an ABC programme based on both rules and values works best. A combined approach provides clarity to employees where the company has fixed rules (e.g. gifts and entertainment limits), but also enables employees to identify more complex ethical issues.
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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