Monday, June 16, 2008

Bribery rife despite anti-corruption efforts


Anti-corruption efforts may have become increasingly strong across the world in recent years, but almost a quarter of senior executives admit that their organisation had been approached to pay a bribe in order to retain or win business in the last two years.

Illegal business practices remain a widespread problem despite the rise in international anti-corruption legislation and law enforcement. And in many cases, the problem is getting worse, not better.

That's the message from the tenth global fraud survey from Ernst & Young, which interviewed 1186 business leaders in large organisations across 33 countries.

See full Article.