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One in four 'asked to pay bribes' | One in four 'asked to pay bribes' |
(about 4 hours later) | |
Almost one in four companies has been approached to pay a bribe to win or retain business in the last two years, a survey has indicated. | |
The survey of 1,186 executives in 33 countries by Ernst & Young also suggests that 18% had lost business to a competitor prepared to pay a bribe. | The survey of 1,186 executives in 33 countries by Ernst & Young also suggests that 18% had lost business to a competitor prepared to pay a bribe. |
Corrupt practises were perceived to be most prevalent in mining, with fewer instances in energy and banking. | Corrupt practises were perceived to be most prevalent in mining, with fewer instances in energy and banking. |
Just over a tenth of UK executives said their firm had been asked for a bribe. | Just over a tenth of UK executives said their firm had been asked for a bribe. |
This compared with 16% in Germany and 10% in France. | This compared with 16% in Germany and 10% in France. |
"Recommendations of best practice in anti-bribery compliance will require companies to take a much more comprehensive view of the way bribery and corruption affects their business," said John Smart, UK head of fraud investigation at Ernst & Young. | "Recommendations of best practice in anti-bribery compliance will require companies to take a much more comprehensive view of the way bribery and corruption affects their business," said John Smart, UK head of fraud investigation at Ernst & Young. |
Corruption was more widespread outside Europe. | Corruption was more widespread outside Europe. |
Only 6% of respondents in France and Germany said their organisation had experienced at least one incident of bribery or corruption in the last two years. | Only 6% of respondents in France and Germany said their organisation had experienced at least one incident of bribery or corruption in the last two years. |
In the UK, this was 13% but still below a global average of 24%. | In the UK, this was 13% but still below a global average of 24%. |
Almost half of those surveyed in the mining sector said that corrupt practices are prevalent, compared with 31% and 30% in the banking and energy industries. | Almost half of those surveyed in the mining sector said that corrupt practices are prevalent, compared with 31% and 30% in the banking and energy industries. |