The business community often complains during consultations with the OECD Working Group on Bribery that its focus on criminalizing the supply-side of foreign bribery creates an unbalanced approach to enforcement. In their view, companies face credible enforcement risks and high sanctions if they engage in foreign bribery, while the public officials who solicit or receive bribes seem to enjoy de facto impunity.… Continue Reading
More than 15 million people in the UK routinely miss out on refunds, replacement products, and getting other problems sorted because they don’t know how to complain with confidence.
A study for the Financial Conduct Authority (FCA) found that 28 percent of Brits put up with queue jumpers, bad meals at restaurants, and poor service “because they lack the confidence and know-how to speak out.”… Continue Reading
Culture is often thought of as a soft issue because companies struggle to measure its effectiveness. But culture and compliance are linked.
In an FCPA context, for example, compliance failures frequently flow from the erosion of ethical behavior and robust corporate governance. … Continue Reading
Do e-government and digital technologies really help to prevent corruption? Companies appear to believe that they do — but what’s your view?
E-government such as e-procurement, e-customs, e-tax filing and e-sourcing aim to promote efficient and clean business.… Continue Reading
Over the years one thing I have noticed is that people who have done compliance and ethics work have actual stories about getting calls from employees, or talking with them at training, or dealing with helpline calls, where we know our work has helped head off a violation. … Continue Reading
Compliance officers are experiencing regulatory fatigue and overload in the face of ever-changing and growing regulations. How they deal with the onslaught depends upon their resources and risk profile, among other considerations.… Continue Reading
Since 2001, Control Risks has analyzed international corruption and compliance, through discussions with clients and surveys. The results show that although honest companies are still losing business to corrupt competitors, they are doing so at a slower rate than over a decade ago.… Continue Reading
Among the findings — 40 percent of all compliance officers surveyed believe their company’s bribery and corruption risks will increase in 2016.… Continue Reading
As if historically low commodity prices are not enough for energy and natural resource executives to contend with, a recent KPMG International survey found that addressing anti-bribery and corruption remains highly or exceedingly challenging.… Continue Reading
It surveyed more than 200 compliance professionals across a range of global businesses.… Continue Reading
AlixPartners recently conducted its annual anticorruption survey which looked at the impact corruption has on corporate and economic growth. In particular, we explored the ways companies are identifying corruption risk and the steps they’re taking to deal with the risks.… Continue Reading