Company and Financial Law

Rolls-Royce announcement, 6 December 2012:

Rolls-Royce, the global power systems company, has passed information to the Serious Fraud Office (SFO) relating to concerns about bribery and corruption
involving intermediaries in overseas markets.

This follows a request for information from the SFO about allegations of
malpractice in Indonesia and China. Investigations by Rolls-Royce have
identified matters of concern in these, and in other overseas markets.

The consequence of these disclosures will be decided by the regulatory
authorities. It is too early to predict the outcomes, but these could include
the prosecution of individuals and of the company. We will cooperate fully.

Rolls-Royce has significantly strengthened its compliance procedures in recent
years, including a new Global Ethics Code and a new Intermediaries Policy. It
has also expanded the Compliance function. As a further measure, Rolls-Royce
will appoint an independent senior figure who will lead a review of current
procedures and report to the Ethics Committee of the Board.

See also: SFO publishes revised Bribery Act policies on facilitation payments, hospitality and corporate self-reporting