Keeping up with emerging corruption risks remains a serious concern for general counsel as companies expand around the globe. Between the enforcement of older anti-corruption laws such as the Foreign Corrupt Practices Act and the emergence of such new ones as Brazil’s Clean Companies Act, making sure organizations and their business partners avoid corrupt behavior is a top corporate priority.
According to new survey data collected by global business advisory firm AlixPartners, companies have kicked their anti-corruption programs into gear by identifying and declining to enter into relationships with partners that might be corrupt. Although this restricts business opportunities in some cases, from a risk management perspective it’s a positive development.
AlixPartners’ third annual “Global Anticorruption Survey” was conducted in November, and took the temperature of general counsel, compliance officers and other executives at companies with annual revenues of $150 million or more in North America, Asia and Europe about how their companies are tackling corruption risks.
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