Legal Insights

< back to search results

How to avoid bribery and corruption charges in the digital age: senior lawyers and execs surveyed

Overview

A new survey of in-house lawyers, partners and company execs has found that while almost 90% of respondents said their company’s compliance programme specifically addresses bribery and corruption, the extent to which safeguards are put in place to detect and prevent those risks varied greatly.


Falling foul of bribery and corruption charges can be disastrous for any business. Legal and compliance teams face constant pressures to stay one step ahead of the game and snuff out any misconduct before it takes place. But while companies are doing more than ever to bolster their anti-bribery regimes, many still lack the tools and early warning systems that could help flag these risks in advance.


Almost three quarters of those surveyed said their company gives compulsory anti-corruption training to all employees, while almost two thirds said their company carries out onsite anti-corruption spot checks or third party audits. However, fewer than half said their company analyses internal data to identify anomalies and flag potential risks - something that can give legal and compliance teams more of an edge in policing bribery and corruption.


Click 'View Briefing' to read more.


 

Rating: 4 people found this useful