It is outrageous that there are still executives that would be reluctant to report corruption.
Companies need to root out these executives who, with these attitudes will clearly not take the difficult path of doing the right thing, when confronted with the challenge.
Onésimo Alvarez-Moro
See article:
Majority supports Internal investigation and zero-tolerance policy toward offenders
In a Deloitte survey of 329 executives from around the world, 41% of respondents indicated that senior management should investigate and deal with matters internally or wait to see if there are consequences rather than make a voluntary disclosure to authorities if a significant incident of corruption was uncovered at their organisations.
The study, titled 'Fortifying Anti-Corruption in Today’s Corporation', also revealed that despite differing views about regulatory disclosure, the vast majority of those surveyed (93%) believe that an internal investigation should be conducted if a significant incident of corruption were uncovered, and 75% support zero tolerance anti-corruption policies with strong disciplinary measures, including firing those responsible for corrupt acts.
Nic Carrington, forensic and dispute services partner at Deloitte commented: “Certainly as it relates to voluntary disclosure to the UK authorities, we are possibly not yet at a point where companies would readily see that such action would be in their best interest, given the historic attention, or rather lack of it, on corruption issues. However, the new SFO leadership in very recent months has been vociferous in underlining its new commitment to combating overseas corruption and indeed encouraging companies to self-report to them rather than the other way round.
See full Press Release.
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