BusinessCompany NewsE&Y study: British executives admit to corruption

E&Y study: British executives admit to corruption

British executives are twice as likely to be corrupt than their French and German counterparts, E&Y research reveals

One in eight British business leaders admit they have paid bribes or have
been involved in other corrupt dealings of the past two years, double the
figures in France and Germany, according to
Ernst
& Young
(E&Y)’s 10th biennial survey of senior executives.

The survey, which interviewed 1186 business leaders in large organisations
across 33 countries, showed 13% of all UK respondents said their company had
experienced at least one case of bribery or corruption in the past two years,
compared to 6% in Germany and 6% in France. The global average was as high as
24%, demonstrating the increased risks of doing business outside Western Europe.

In all, 11% of UK respondents admitted their organisation had been asked to
pay a bribe to retain or win business over the past two years, compared with 16%
in Germany and 10% in France.

John Smart, E&Y UK head of fraud investigation and dispute services, said
that, in the current environment, business leaders and board members faced
daunting challenges around their compliance obligations.

‘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,’ he said.

Further reading:

A third of employees fiddle their
expenses

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

12m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor