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The Economist Intelligence Unit conducted a survey on behalf of Control Risks to explore the attitudes of businesses around the world to corruption. The report, written by Control Risks.
The survey canvassed general counsels, senior corporate lawyers and compliance heads in more than 300 companies worldwide. Of those surveyed:
- 13 organisations thought there was a 90%-100% chance that their company would be required to investigate a suspected violation of anti-bribery laws involving an employee in the next two years
- A further 60 organisations (19%) thought that it was ‘somewhat likely’ (a 60%-90% chance)
Less than a third (30%) thought it was ‘very unlikely’
From the results, it was apparent that international companies have disturbing gaps when it comes to dealing with the dangers of corruption. Indeed, the findings suggest that organisations may not be prepared properly should they be exposed to a corruption scandal.
Based on this research, it would appear that too many companies still fall short of best practice in their anti-corruption compliance programmes.
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