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Facing Down Bribery and Corruption Risk

Bribery and corruption risks are on the upswing for many companies, but policies to combat the risks are not particularly effective.

By Treasury & Risk Staff | Updated on June 17, 2013

For the treasury and finance functions of companies that do business around the world, bribery and corruption are a serious concern.

In an Ernst & Young study released last month, 57 percent of respondents in the developing world said that bribery and/or corruption is widespread in their country. Another survey, conducted by Kroll Advisory Solutions and Compliance Week, provides further support for the idea that these risks are growing—and suggests that companies’ efforts to battle bribery and corruption are not extremely effective.

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