Fearing Noncompliance, 40% of Companies Avoid Emerging Markets;
34% Have Lost Business to an Unethical Competitor
A survey by Dow Jones has found that more than half of companies are delaying or abandoning key business initiatives as executives struggle to both interpret a patch-work of anti-corruption regulations and collect the information they need to confidently assess corruption risk. The survey results were released on the United Nations’ International Anti-Corruption Day, December 9, 2009.
According to the Dow Jones State of Anti-Corruption Compliance Survey, which included responses from 182 company executives worldwide, 51% of companies delayed key business plans such as new business partnerships and entry into new or developing markets and another 14% abandoned them completely because of legal questions arising from unclear anti-corruption regulations. In addition, 59% delayed and 11% abandoned key initiatives because they could not get the information they needed to adequately assess the corruption risk.
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