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Are multinational companies sleepwalking into compliance disasters?

By Control Risks

24 November 2014

Control Risks, the global business risk consultancy, has published its annual survey of business attitudes to corruption.

The 2014/15 survey concludes that many global companies, particularly those with operations in emerging markets, remain slow in changing their corporate approach towards corruption. There is a worrying disconnect between what the headquarters of large multinational organisations believe about their anti-corruption programmes and the reality of what is actually going on at the front line in the higher risk markets. The failure to reform internal practices is partly due to budgetary pressures on compliance teams but many companies still underestimate the threat and the cost of getting it wrong.

There have been some improvements over the past 12 months. Overall, 87.9% of companies now have policies explicitly banning bri...

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