Conduct rules, ethics and professional practice Flashcards
What do you know about the GN on Countering Bribery, Corruption, Money Laundering, and Terrorist Financing?
Risk Assessment: Evaluate corruption and money laundering risks.
Due Diligence: Conduct thorough background checks.
Anti-Corruption Measures: Implement strategies aligned with global standards.
Ethical Conduct: Promote integrity and compliance.
Anti-Money Laundering Compliance: Adhere to relevant laws.
Cultural Integrity: Foster a culture of transparency and honesty.
What do you know about the The Bribery Act 2010
Criminalizes bribery in all forms.
Establishes four main offenses.
Imposes strict penalties: fines and imprisonment.
Requires organizations to implement anti-bribery measures.
How act in accordance with these principles?
Follow the RICS Rules of Conduct;
abide by the recommendations in the Guidance Note;
follow the law;
follow my company policies on countering bribery and corruption.
What are your company complaints handling procedures?
With terms and conditions;
28 days response;
Handling Officer; c
onfirm receipt of complaint;
ensure progress of complaint logged;
inform PII;
if no resolution - refer to independent third party for redress.
Why do CDP?
to keep my knowledge and skills up to standard;
it is a requirement of the RICS;
learn new things;
be at the forefront of developments; understand changes in law, etc.
CDP recently?
Seminar by RIW on waterproofing solutions, their capabilities; guidance available; further contact.
Read recently?
Hot topics for 2024.
Next CDP?
Changes to the JCT Suite of Contracts coming out soon.
How maintain company PII cover?
I personally do not but my company publishes internally its insurance policy cover.
How do yo obtain feedback from clients?
Informal feedback obtained from clients through regular discussions.
Senior team members attend scheduled formal meetings and relay feedback.
What are your company’s anti-bribery procedures?
Conduct thorough due diligence.
Implement robust internal controls.
Provide regular anti-bribery training.
Maintain clear policies prohibiting bribery.
Establish reporting mechanisms for suspected incidents.
Conduct regular compliance audits.
Maintain a Gifts and Hospitality Register.
How did you advise the contractor it was inappropriate? (tendering position)
Conducted via phone.
Stated confidentiality condition.
Emphasized non-disclosure importance.
Avoiding unequal advantage.
Rule 1: Honesty, integrity, RICS compliance.
Did you report that the tenderer approached you? Did you inform the client?
I reported this to my Line Manager. The matter was not taken any further to my knowledge. This was not the tenderer that won in the end.
What was this fairly large item? What was the value? (missed item in valuation)
CVI costs pertaining to one particular sheet (nr 77, multiple schedule of rate items, totalling £4,244.40).
