Companies have little faith in action on bribery
One third of big public companies across Europe have little faith in the willingness of authorities to prosecute bribery
One third of big public companies across Europe have little faith in the willingness of authorities to prosecute bribery
Half of big UK public companies and one-third of large companies across
Europe believe the authorities are too reluctant to prosecute bribery cases, a
newly released survey shows.
The findings of the ‘2008 European Corporate Integrity Survey’, by compliance
consultancy group
Integrity
Interactive, show concern over the issue of bribery by those responsible for
preventing corporate malpractice has increased by 14% on last year,
Accountancy Magazine reports.
The research also shows the sentences handed down are regarded too lenient
such as the two-and-a-half year sentence given to Fausto Tonna, ex-Parmalat CFO,
and the two-year suspended sentence to Loik Le Floch-Prigent, Elf chairman,
which were seen as too lenient by 67%.
Conversely, the 24 years given to Jeffery Skilling, ex-Enron CEO, and the 25
years to Bernard Ebbers, ex-WorldCom CEO, were considered too severe by 62% and
66%, respectively.
Further reading:
Read
Accountancy Magazine story
The numbers you crunch tell a story. Your expertis...
16yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article