Bribery Still Rife as 80 Percent of Executives Admit Seeing It
- Fifty-nine percent said anti-bribery policies are ineffective
- Stats in law firm report looking at response to corruption
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A survey of board-level executives found that 80 percent have seen bribery and corruption at their companies, a sign that anti-bribery laws aren’t having enough of an effect.
In a survey of 500 executives from companies located in 12 countries, 59 percent of executives said their anti-bribery policies didn’t work and 87 percent believed the policies made it more difficult to build their business, according to the report from U.K. law firm Eversheds. Thirty-three percent of those asked said they didn’t do due diligence on anti-bribery measures when exploring mergers and acquisitions.